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German Economy Minister Peter Altmeier accused critics of the Nord Stream 2 pipeline of inconsistency. It states that “the gas is destined not only for Germany, but also for many countries of the European Union.”
He said it in an interview with the Handelsblatt newspaper. “It is problematic every few months to question projects that have been developed in recent decades,” said the minister.
Altmaier accused investment critics of not speaking openly about the impact of the pipeline closure on gas supplies to Europe. We all assume that the volume of gas that Europe must import will increase ”, he explains.
At the same time, Altmeier argues that energy dependence on Moscow cannot be allowed. “Therefore, if necessary, it should be able to replace Russian gas. Therefore, private operators will build LNG terminals in northern Germany. And of course in Germany we continue to focus on developing renewable energy sources. “, Add.
Nord Stream 2 will avoid transit states (Ukraine, Belarus, Poland, and other Eastern European countries) through the exclusive economic zones and territorial waters of Russia, Finland, Sweden, Denmark, and Germany.
The project is estimated at 9.5 billion euros. It is being implemented by Gazprom in an alliance with the European companies Engie, Uniper, OMV, Shell, Wintershall. They promised to finance Nord Stream 2 in total by 50%, that is for 950 million euros each. Gazprom will provide the second half of the funds: 4,750 million euros.
Russian President Vladimir Putin said the pipeline should be commissioned by early 2021. Thus, Gazprom has just over four months left to complete the ambitious project.
As OBOZREVATEL reported:
