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Germany does not rule out stopping Nord Stream 2

Source : 112 Ukraine

Habeck did not rule out the possibility of stopping the project depending on the development of the conflict in Ukraine
15:03, 30 December 2021

Nord Stream 2

German Vice-Chancellor, Federal Minister of Economy and Climate Protection Robert Habeck has supported the decision of the federal government not to interfere in the approval of the Nord Stream – 2 gas pipeline and consider it only from a legal point of view as Deutsche Welle reported.

However, Habeck did not rule out the possibility of stopping the project depending on the development of the conflict in Ukraine.

"Politics should be focused on political issues, and they should be analyzed in terms of foreign policy and geopolitics. This means that looking at the situation in eastern Ukraine and the build-up of Russian troops there, political decisions will have to be made as to what sanctions may be applied in the event of a new acute conflict," the deputy head of the German government said.

Related: Zelensky discussed with members of US Congress Donbas, NATO and Nord Stream 2

According to Habeck, the construction of the pipeline may divert the attention of the West from Ukraine as a gas transit country. It is necessary to counteract this by supporting the transition of Kyiv to renewable energy sources, he said, adding that the headed by him ministry will allocate 150 million euros for this purpose.

As it was reported earlier, the construction of the Russian Nord Stream 2 gas pipeline was completely finished as of the morning of September 10. Work on laying the Nord Stream 2 pipeline began in 2018. Its length is 1,230 km. The pipeline is expected to supply 55 billion cubic meters of gas annually from Russia via the Baltic Sea to Germany.

Related: Nord Stream 2 launch would lower gas prices in Europe, - Putin

On November 16, it became known that Germany has suspended Nord Stream 2 certification. The report states that in order to renew the certification, the Nord Stream 2 operator must have an organizational form in accordance with the laws of Germany.

Meanwhile, the price of gas futures in Europe surpassed $2,000 per thousand cubic meters against the background of cold weather and reduction of gas pumping by Russian Gazprom.

On December 21, it was reported that the peak gas price in Europe could reach $ 2,500-2,700 per thousand cubic meters.

 

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