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German Foreign Minister: Nord Stream 2 To Be Completed

German Foreign Minister: Nord Stream 2 To Be Completed

German Foreign Minister Heiko Maas said that the Nord Stream 2 gas pipeline project will be completed, the only question is when exactly this will happen.

"I assume that Nord Stream 2 will be completed. The question is when. We make decisions about our energy policy and energy supply here in Europe," the Minister said in an interview with the Redaktionsnetzwerk Deutschland media group.

According to Maas, the United States is "exercising its right to independent energy policy," and Germany is doing the same.

Nord Stream 2 involves the construction of two strands of a gas pipeline with a total capacity of 55 billion cubic meters of gas per year from the coast of Russia through the Baltic sea to Germany. It is implemented by Nord Stream 2 AG with the sole shareholder, Gazprom. European partners — Royal Dutch Shell, OMV, Engie, Uniper, and Wintershall — collectively Finance the project by 50%, that is, up to 950 million euros each.

The project is actively opposed by the United States, which promotes its liquefied natural gas in the EU. In December 2019, the United States imposed sanctions against Nord Stream 2, requiring companies to stop laying the pipeline immediately. Swiss Allseas then almost immediately announced the suspension of such work. Now the US is discussing the next expansion of sanctions against the project.

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