Germany drops five projects related to the Nord Stream 2

UCMC hereby presents the short translation of an article by Ukrainska Pravda providing the latest news on Nord Stream 2 project.

The German energy regulator, Bundesnetzagentur, excluded five projects related to the Russian North Stream 2 gas pipeline from the country’s gas transport development plan.

Nord Stream 2 project implies the construction of two gas pipelines with a total capacity of 55 billion cubic meters of gas annually from the coast of Russia through the Baltic Sea to Germany.

German regulator Bundesnetzagentur announced changes to “Gas network development plan by 2026”. “By these changes, we protect German customers from unnecessary expenditures,” commented Jochen Homann, president of the Bundesnetzagentur.

It is reported that the Bundesnetzagentur agency found that five projects related to the construction of the North Stream 2 pipeline were too unreliable and accordingly did not add them to the plan for the development of the German gas transportation network by 2026.

The agency explained that they need to wait for an official permit for the construction of this gas pipeline.

Previously, it was reported that the European Commission had prepared a draft mandate for negotiating with Russia on the gas pipeline. According to one of them, Russian companies other than Gazprom should be allowed to use the capacity of the Nord Stream 2 pipeline.

A number of European countries opposed the construction of the pipeline, believing that it would make the EU an energy hostage to Moscow.