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is back in the U.S., with production and exports rising. This has coincided with
a President Donald Trump’s “America First” policies in the energy sector. But
coal’s comeback is more a function of market forces than politics. And it could
be short-lived. Despite all the sound and fury, Mr. Trump's initiatives to
support fossil fuels will have far less of an impact on energy markets and
global efforts to reduce climate change than his critics claim. Europe,
however, could still benefit.
Dr. Frank Umbach
As arguments swirl over the Nord Stream-2 gas pipeline, one thing is taken for granted – Gazprom can sell gas cheaper than rival suppliers. But reserves of low-cost gas from Russia’s West Siberian fields are dwindling, while output from the new Yamal fields must be heavily subsidized to offset high production and transport costs. The European Union could be entering an era when U.S. LNG is fully cost competitive or even cheaper than Russian gas, if it doesn’t let Russia distort the market.
Nord Stream 2 pipeline, the most controversial energy project in Europe, is
putting strain on Germany’s relationship with other European Union members.
Berlin’s support of the project at the expense of other partners could deepen
rifts in the EU and lead to a renationalization of energy policies, especially
in Central and Eastern Europe.