July 5, 2020, 19:48

German Government Believes Nord Stream 2 ‘Rational’ Gas Project – Spokesperson

German Government Believes Nord Stream 2 ‘Rational’ Gas Project – Spokesperson

BERLIN (Sputnik) – The German government considers the Nord Stream 2 project, which envisages the deliveries of the Russian gas to Europe, to be a rational one, considering the growth of Germany’s demand for exported gas in the coming years, German government’s deputy spokeswoman Martina Fietz said on Monday.

“We export gas from different countries, from Russia, and from the United Kingdom, Norway and the Netherlands as well. Germany’s demand for natural gas will… increase in the coming years and the Nord Stream 2 is among the projects that the German government considers to be quite rational,” Fietz said at a press briefing.

READ MORE: Nord Stream 2 Project Ensures Energy Security — German Economy Minister

She added that while Nord Stream 2 was an economic project, it also had a political aspect, involving the necessity to define the role of the Ukrainian transit after 2019.

The Nord Stream 2 is a joint venture of Russian energy giant Gazprom and five European companies ― French Engie, Austrian OMV AG, UK-Dutch Royal Dutch Shell, and German Uniper and Wintershall.

The project envisages the construction of two gas pipelines that will run from Russia, through the Baltic Sea and to a hub in Germany, bypassing Ukraine entirely. It aims to deliver 55 billion cubic meters of Russian natural gas annually to the EU states.

The project has been welcomed by some countries in Europe and opposed by others, including the United States aspiring to boost its liquefied natural gas export to Europe, and Ukraine, which may suffer transit revenue drops if Nord Stream 2 becomes operational, as well as a 2-3 percent GDP loss.

On October 3, Austrian Chancellor Sebastian Kurz said that EU nations pledged to respect Ukraine’s gas transit interests after the Nord Stream 2 implementation.

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