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Tuesday, October 4, 2022

Russia says failure to authenticate Nord Stream 2 is not an option -RBC

The Nord Stream 2 gas pipeline project logo is seen on a pipe at the Chelyabinsk Pipe Rolling Plant in Chelyabinsk, Russia, February 26, 2020. REUTERS/Maxim Shemetov

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MOSCOW, Dec 29 (Reuters) – Russia believes the Nord Stream 2 gas pipeline will receive the necessary certification and eventually start operating, Russian Deputy Prime Minister Alexander Novak told RBC media on Wednesday.

Construction on the pipeline, which runs from Russia to Germany at the bottom of the Baltic Sea and bypasses Ukraine, was completed in September, but it remains dormant while awaiting regulatory approval from Berlin and Brussels.

The project has become increasingly politicized amid rising tensions between Russia and the West, which fears Moscow may attack Ukraine to prevent closer ties with NATO. Russia refuses to harbor such plans.

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The chief executive of Ukraine’s state energy company Naftogaz said last month that he expected the Nord Stream 2 gas pipeline not to come online, saying it does not comply with European law. read more

Asked whether Russia had a “Plan B” in case Nord Stream 2 is not certified, Novak said: “We do not consider such options and we believe it will be implemented in line with the timeline for certification.” will be launched.”

It is expected that certification will be completed no earlier than the end of the first half of 2022.

He added that Russia expects no new requirements will be put forward for the project.

Nowak also said that Russia was ready to increase gas exports to Europe, which has seen gas prices rise amid rising demand and a lack of supply, but under longer-term contracts – in favor of short-term spot deals by European companies. The system was abandoned.

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Reporting by Olesya Astakhova and Vladimir Soldatkin; Editing by Angus McSwan

Our Standards: Thomson Reuters Trust Principles.

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