The implementation of the Nord Stream II project is still possible, as long as Ukraine's vital interests are observed. Peter Altmayer, the German economy minister said that in his interview with Reuters.
'The project may be approved if, at the same time, Ukraine's vital interests are kept. One of them lies with the assumption that even after 2019, the gas transit from Russia via Ukraine should remain at a decent level', the minister said.
According to him, the negotiations are now taking place on this matter, and the talks are quite complicated.
'We will not cut the dependence from Russia by undermining such project as Nord Stream II and then still getting the Russian gas from other pipelines. One can only speak of greater energy independence when we (apart from providing a long-term gas supply) create the infrastructure in Germany to get the liquefied natural gas', the minister said.
As is known, Russia's energy monopolist Gazprom and its partners are intended to begin the implementation of the Nord Stream 2 project, which cost ten billion dollars in April 2018. It is expected that the 1,200 km-long gas pipeline will be laid through the Baltic Sea, and will connect Russia and Germany, bypassing Ukraine, Poland and the Baltic countries. The capacity of the gas pipeline will be twice as much as the first Nord Stream's. The construction is estimated to be completed by the end of 2019.
Nord Stream 2 will have the capacity to transport 55 billion cubic meters of gas per year from Russia to Germany along the bottom of the Baltic Sea. Ukraine could lose up to $ 3 billion, or 3% of GDP due to the Nord Stream-2.
Ukraine is adamantly opposed to the construction by calling it politically motivated and suggesting the EU to create a consortium with the involvement of European companies to manage the existing and more efficient transportation route through Ukraine. A number of EU countries have expressed their disagreement with the Nord Stream 2 project, in particular Poland and Lithuania.