Nord Stream 2 go-ahead may are available mid-2022


© Reuters. FILE PHOTO: Nord Stream 2 gas pipeline project logo can be seen on a large diameter pipe at Chelyabinsk Group’s Chelyabinsk Pipe Mill in Chelyabinsk, Russia, Feb.26, 2020. REUTERS / Maxim Shemetov / File Photo

FRANKFURT (Reuters) – The Nord Stream 2 pipeline, which is supposed to carry Russian gas to Germany, could be approved in the middle of the year, the CEO of a funder of the project told a newspaper.

The pipeline led by Russian Gazprom (MCX 🙂 has been completed since September and is waiting for final certification by the German network agency, which says that no decision will be made in the first half of 2022.

This has strained diplomatic relations, already strained by the threat of open conflict between Russia and Ukraine, and fueled speculation that the pipeline could be used as political pressure on Moscow.

“I see no political interference, the network agency is checking as planned. It could happen in mid-2022. Nord Stream 2 is important,” said Uniper boss Klaus-Dieter Maubach of the Rheinische Post.

Uniper is one of five European energy companies – the others are Wintershall Dea, Shell (LON :), OMV and Engie – that paid half of the $ 11 billion that Nord Stream 2 cost.

“Every additional import option contributes to easing the situation on the gas market,” said Maubach.

“But of course there are political risks: if the Russia-Ukraine conflict intensifies, the pipeline could become the target of US sanctions.”

Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. Therefore, prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may incur as a result of using this data.

Fusion Media, or anyone involved in Fusion Media, assumes no liability for any loss or damage arising out of reliance on the information contained on this website, including data, prices, charts, and buy / sell signals. Please inform yourself comprehensively about the risks and costs associated with trading in the financial markets, as it is one of the riskiest forms of investment.

You might also like

Leave A Reply

Your email address will not be published.