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Germany will not block Russia’s Nord Stream-2 pipeline

Staff Writer | November 24, 2016
The German government will set no barriers for Russia to build the Nord Stream-2 gas pipeline.
Nord Stream
Energy transport   Gazprom holds 100% in the Nord Stream 2 AG
Ursula Borak, director for European and international energy policy at Germany’s Ministry of Economics and Energy, told PRIME.

"On behalf of the federal government I can only say that this project belongs to the companies, and it will be the companies who will decide whether to drop it or not,” Borak said.

“We have to wait for their decision, we really don't know. It's nothing from the policy side that we interfere with."

The Nord Stream-2 project envisages construction of two lines of a gas pipeline with an annual capacity of up to 55 billion cubic meters, running from the Russian shore to Germany under the Baltic Sea.

Currently, Gazprom holds 100% in the project’s company Nord Stream 2 AG, and the agreement envisaged Gazprom transferring 10% stakes in the company to Uniper, Wintershall, Shell, OMV, and Engie.


 

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