German experts and experts have assessed Denmark’s permission to complete the construction of the “Nord stream-2” gas pipeline in the territorial waters of the Kingdom with the help of new vessels.
Earlier, the Danish Energy Agency (DEA) allowed the pipeline to be completed using ships with anchor positioning. They can be used separately or in combination with vessels equipped with a dynamic positioning system.
“The German gas industry welcomes the decision of the Danish Ministry that the “Nord stream-2″ pipeline can be laid, including using a vessel with anchor positioning in Danish territorial waters,” the Executive Director of the Association Zukunft Erdgas (“the future of natural gas”) Timm Keller.
According to him, in the coming years in Germany and Europe as a whole, natural gas consumption will not change. Still, in the context of a decline in local production until 2030, we should expect an additional volume of imports of about 120 billion cubic meters of fuel.
Keller is confident that “Nord stream-2” will be able to cover some of these needs, although its capacity will still be insufficient to saturate the market fully.
Andre Wolf, a researcher at the Hamburg Institute of the world economy, also welcomed the decision of the Danish regulator. In an interview, he noted that “Nord stream-2” will become another alternative to the land pipeline.
“Although it is impossible to abandon land transit completely, there is a new agreement between Russia and Ukraine for this purpose, but from Western Europe and Germany, this will become another guarantee not to get involved in disputes between Russia and third States that affect energy supply,” he said.
Also, Wolf noted the reduction of the distance between Russian gas fields and receiving stations in Germany. This will reduce the cost of fuel in Western Europe, the expert stressed.
He noted that the European gas market is sufficiently liberalized, and “Nord stream-2” will contribute to the development of competition. According to him, cheaper gas production and transportation “will put pressure on European market prices and thus relieve the burden on consumers.”