(Bloomberg) -- The U.S. House of Representatives approved a largely symbolic resolution expressing opposition to Gazprom PJSC’s $11 billion Nord Stream 2 natural gas pipeline, on concerns that the project will boost the Kremlin’s control over Europe’s energy supplies.

The bipartisan bill finds that the pipeline is a "drastic step backwards for European energy security and United States interests," and calls for European governments to reject the project. The measure also urges President Donald Trump to "use all available means to support European energy security."

While the resolution is non-binding, it highlights growing Congressional opposition to the Russian project. The Trump administration is reviewing potential sanctions against the European companies involved. The pipeline, which would send Russian gas to Germany, has financing agreements with Engie SA and Royal Dutch Shell Plc, among others.

“Doing business with Nord Stream 2 is not consistent with shared transatlantic values,” U.S. Assistant Secretary for Energy Resources Francis Fannon said on a conference call earlier in the day.

The pipeline is one of several Russian projects that would circumvent Ukraine and give the world’s top gas producer direct access to its biggest European markets.

Trump last year signed a law giving him the right to sanction companies involved in Nord Stream 2, arguing it would make Germany “captive” to Moscow. In response, Moscow said Trump’s attacks were an attempt to promote U.S. liquefied natural gas in Europe.

To contact the reporters on this story: Stephen Cunningham in Washington at This email address is being protected from spambots. You need JavaScript enabled to view it.; Ari Natter in Washington at This email address is being protected from spambots. You need JavaScript enabled to view it.; To contact the editors responsible for this story: David Marino at This email address is being protected from spambots. You need JavaScript enabled to view it. Catherine Traywick, Joe Carroll.




RELATED COMPANIES
Company: OAO Gazprom
- (Dec 11)
- (Aug 29)
- (Jul 17)

Contact our sales staff today to assist with your project. We are here for you.
Hablamos Español?

REQUEST A QUOTE