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Trump turns down rhetoric, says U.S. LNG will compete with Russia’s Nord Stream 2 pipeline

Trump appeared to backtrack from a comment he made, claiming the US would compete against the proposed pipeline with LNG exports.

Trump turns down rhetoric, says U.S. LNG will compete with Russia’s Nord Stream 2 pipeline


Helsinki, July 17 - Neftegaz.RU. President Trump appeared to backtrack from a comment he made last week that the controversial Nord Stream 2 natural gas pipeline would make Germany a captive of Russia, claiming the United States would compete against the proposed pipeline with LNG exports.

During a press conference Monday, in which he appeared alongside Russian President Vladimir Putin, Trump said the United States will be competing against the pipeline.

Trump also said he had previously characterized Putin as an adversary or a rival. «Actually, I called him a competitor, and a good competitor he is», he said.«And I think the word competitor is a compliment. I think that we will be competing, when you talk about the pipeline.»

«I'm not sure necessarily that it's in the best interests of Germany or not, but that was a decision that they made to import gas via Russian-owned Gazprom’s Nord Stream», Trump noted.

«We'll be competing»,against Russia to supply Europe with gas, Trump said. «As you know, the United States is now, or soon will be, the largest [producer of] oil and gas in the world. We're going to be selling LNG and we'll have to be competing with the pipeline. And I think we'll compete successfully, although there is a little advantage locationally. I just wish them luck.»

Putin during the press conference said Russia is aware of the stance of President Trump, and suggested that Russia and the United States, as 2 of the world's major producers of oil and gas, should work together on the regulation of international markets.

«Neither of us is actually interested in the plummeting of the prices,» Putin said, adding consumers in both countries, as well as U.S. gas producers, would suffer.


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