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Nord Stream 2 «does not endanger» security of EU gas supply, German government tells regulator, urging pipeline’s certification

Gazprom, which owns the Nord Stream 2 AG company, said it hopes to be able to ship 5.6 bcm of gas through the pipeline before the end of this year

Nord Stream 2 «does not endanger» security of EU gas supply, German government tells regulator, urging pipeline’s certification

Berlin, October 27 - Neftegaz.RU. The German Ministry of Economics & Technology has advised the energy regulator to proceed with certifying the Nord Stream 2 pipeline, saying it poses no threat to the security of German or EU gas supply, RT reported.
Known by its German acronym BMWi, the ministry sent its analysis of the pipeline to the country’s energy regulator, Bundesnetzagentur, on October 26.

The agency has 4 months to finalize the certification process, and has already started the clock on September 8.
The ministry said:
  • In its analysis, the Federal Ministry of Economics comes to the conclusion that the issuing of a certification does not endanger the security of the gas supply to the Federal Republic of Germany and the European Union
Construction on the pipeline running from Russia to Germany under the Baltic Sea was completed last month.
Once fully operational, Nord Stream 2 could deliver up to 55 billion m3 of natural gas annually.
Both Germany and the EU are currently desperate for energy.

Washington has urged Germany not to fast-track the certification process, saying that Russia should instead deliver the gas via the existing pipelines that transit Ukraine.
Kiev has offered a 50% discount on transit fees for the additional capacity matching that of Nord Stream.

US pressure has so far managed to delay the pipeline’s completion by over 2 years, citing concerns about the EU’s energy security and independence – and urging the Europeans to buy more expensive US LNG.

According to the BMWi, Germany’s security analysis of Nord Stream 2 involved consulting the neighboring and other EU countries, including Estonia, Italy, Latvia, Lithuania, Austria, Poland, Slovakia, Czechia and Hungary.

Source : Neftegaz.RU


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