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Nord Stream 2 and gas prices in Europe. Kremlin spokesman Dmitry Peskov comments

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The Nord Stream 2 gas pipeline is waiting for the possibility of starting gas supplies. According to Kremlin spokesman Dmitry Peskov, the quick launch of the pipeline will balance gas prices in Europe. The spokesman also assessed that the current increase in gas prices on the European market will not affect its prices in Russia.

Kremlin spokesman Dmitry Peskov said on Wednesday that the launch of the Nord Stream 2 gas pipeline will offset gas prices. – The launch of Nord Stream 2 as soon as possible will significantly balance gas price parameters in Europe – said Peskov, adding that it was “obvious”. He stressed that gas demand in European countries is high, and if the winter turns out to be frosty, “even more gas will be needed”.

He also assured that fluctuations and jumps in gas prices did not apply to Russia and would not reach its market.

PAP / Adam Ziemienowicz


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Nord Stream 2 – construction

Last week, the Russian concern Gazprom has announced the completion of the construction of Nord Stream 2. Bloomberg forecasted that from October this could start deliveries via one line of this line, and by December 1 this year. both threads may start working.

Construction of Nord Stream 2 is completedNord Stream 2 / Axel Schmidt

At the same time, it was recalled that the pipeline was to be launched initially in 2019, but its completion was delayed as the contractors were threatened with US sanctions. The agency pointed out that the situation changed after in May this year. US President Joe Biden decided to lift some of the sanctions, and then made a deal with Germany that promised a reaction should Russia try to blackmail Ukraine by using the transmission of energy resources.

Nord Stream 2 – what is it

Nord Stream 2 is a double pipeline from Russia to Germany via the Baltic Sea, which is to transport 55 billion m3 of natural gas annually. The gas pipeline is opposed by Poland, Ukraine, the Baltic states and the USA. Critics of Nord Stream 2 argue, inter alia, that the project will increase Europe’s dependence on Russian gas and extend the Kremlin’s influence on European politics.

Recently, Volodymyr Zelensky in Berlin once again emphasized that the launch of the Nord Stream 2 gas pipeline poses a threat from Russia to the entire region, and the project not only deprives his country of the status of a transit state, but also “loosens the hands” of the authorities in the Kremlin conducting aggressive actions against Ukraine.

PAP / Adam Ziemienowicz

Main photo source: Nord Stream 2 / Axel Schmidt

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