Economy

German ministry urges not to abandon the Nord Stream 2 over Navalny

17:00, 25 September 2020 115
Photo: Nord Steram 2/Global Look Press

German Federal Minister for Economic Affairs and Energy Peter Altmaier spoke out against stopping the construction of the Nord Stream 2 gas pipeline due to the situation with opposition leader Alexei Navalny, the Handelsblatt newspaper reports. 


He said that it is problematic every two months to doubt the projects laid down for decades to come.

He noted that otherwise, investors would refuse from such facilities.

The minister stressed that this doesn’t mean that the incident with the blogger can be justified.

However, the hydrocarbons that are supposed to be supplied through the Nord Stream 2 are intended not only for Berlin, but also for many other EU states, so the likely consequences of the refusal from the pipeline should be discussed with partners, he said.

The official is skeptical about the tightening of sanctions against the Russian Federation over the Navalny case. 

In his opinion, such measures often turn against their initiators. The minister noted that the economic pressure on Moscow usually affects the business relations of German and European companies as well.

The Nord Stream-2 project envisages two pipeline strings with a total capacity of 55 billion cubic meters a year. They will extend from the Russian coasts via the Baltic Sea into Germany.

Communications will also pass via Finland, Sweden, and Denmark. Gazprom’s European partners are German Uniper and Wintershall, Austrian OMV, French Engie, and Anglo-Dutch Shell. The active opponents of Nord Stream-2 are the United States, which promotes its liquefied natural gas, Ukraine, and several European countries.

NEWS.ru reported earlier that the US plan to create a so-called coalition against Nord Stream 2shows split among Washington’s European allies.