Gazprom promises to complete Nord Stream 2 by 2022
Gazprom says the project is ready by about 92%.REUTERS
Chairman of the Board of Directors with Russia’s gas giant Gazprom Viktor Zubkov says the construction of the Nord Stream 2 gas pipeline will be completed by the end of 2021.
“Work is in under way, there is very little left. Of course, it will definitely be completed this year. It’s a pity we’ve lost time, but it has happened so,” TASS quoted Zubkov as saying.
According to him, the project is ready by “90-92%.”
Commenting on German media reports that Berlin had raised the issue of strengthening Ukraine’s energy sector in talks with Washington, Zubkov said: “Legally, all contracts have been concluded with Ukraine and other companies.”
“The main thing is to complete Nord Stream 2 and continue to supply the volumes stipulated in the contracts, to supply them via Ukraine, and no one is removing these issues,” he added.
Asked whether there were any plans to revise contracts with Ukraine, he said: “No, I don’t think so.”
Nord Stream 2: Background
- The Nord Stream 2 project envisages the construction and operation of two gas pipeline branches with a total throughput capacity of 55 billion cubic meters of natural gas per year from the coast of Russia through the Baltic Sea to Germany. It should connect Russia’s Ust-Lug and Germany’s Greifswald. This new pipeline bypassing Ukraine is to be built next to the existing Nord Stream 1 pipeline.
- The construction of the pipeline was expected to be completed before the end of 2019.
- The pipeline will be 1,220 km long. The project is being implemented by Russia’s Gazprom in alliance with European companies – ENGIE, OMV, Royal Dutch Shell, Uniper, and Wintershall. Ukraine stands against the construction of Nord Stream 2 as it will most likely lose its status of a gas transit country, while its potential revenue losses are estimated at US$3 billion annually. The project is also highly criticized by the U.S., Poland, and the Baltic States.
- On November 4, 2020, the media reported that U.S. Congress wanted to expand sanctions against Nord Stream 2 and TurkStream.
- On December 6, 2020, United States Charge d’Affaires to Germany Robin Quinville called on the EU and Germany to declare a moratorium on the construction of the Nord Stream 2 gas pipeline.
- On December 9, 2020, the U.S. House of Representatives approved the 2021 National Defense Authorization Act (NDAA) with expanded restrictions against the Russian Nord Stream 2 gas pipeline.
- On December 11, 2020, the construction of the Nord Stream 2 gas pipeline resumed.
- On December 29, 2020, it became known that the House of Representatives overcame the then President Donald Trump’s veto on the U.S. defense budget with sanctions on Nord Stream 2.
- The United States is urging European allies and private companies to halt works on Nord Stream 2, and is preparing broader sanctions against the Russian project in the coming weeks.
- The U.S. Senate approved the U.S. defense budget for the fiscal year 2021, which provides for new sanctions against Russia’s Nord Stream 2.
- On January 7, 2021, a fund was established in Germany to support the completion of the Nord Stream 2 project.
- On January 13, 2021, the U.S. Department of State notified European companies involved in the construction of Nord Stream 2 of the risk of imposing new sanctions.
- On January 18, 2021, the United States warned allies in Europe about its intention to impose sanctions on the Russian ship Fortuna, which is engaged in the construction of the Nord Stream 2 gas pipeline.
- On March 14, 2021, Executive Vice-President for the European Green Deal Frans Timmermans said that Europe did not need the Nord Stream 2 pipeline. Despite this, Germany continues to insist on the completion of the project.
- On March 18, 2021, Ukrainian President Volodymyr Zelensky called Russia’s Nord Stream 2 gas pipeline a trap for all countries across Europe.