Submitted by OilPrice The United States welcomes competition from Russia on the global energy markets, but Russia can no longer use energy as an economic weapon, US Secretary of Energy Rick Perry said on Thursday during his meeting with Russia's Energy Minister Alexander Novak in Moscow.

“Secretary Perry made clear that while the United States welcomes competition with Russia in energy markets across Europe, Asia and elsewhere, Moscow can no longer use energy as an economic weapon.

Referring to the controversial Gazprom-led Nord Stream 2 gas pipeline project to Germany, “President Trump has made clear that the United States staunchly opposes the Nordstream 2 Pipeline, which would expand a single-source gas artery deep into Europe,” the DOE said.

“The US supports the desire of European nations to minimize their dependence on Russia as a single energy supplier, and look forward to increasing LNG exports to the region, as announced by President Trump and EU President Juncker in June.” During his visit to Moscow, when asked if the US could impose sanctions on Nord Stream 2 and if more energy sanctions were being planned, Secretary Perry told reporters “Yes to your first question and yes to your second.” However, sanctions are not where the US and Russia want to go, the AP quoted Secretary Perry as saying.

Novak, for his part, said that Russia agrees that “energy cannot be a tool to exercise pressure and that consumers should be able to choose the suppliers.”.

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