Germany says “Nord stream-2” remains a commercial project

The German authorities continue to adhere to the position that “Nord stream-2” is a commercial project, German Vice-Chancellor, and Finance Minister Olaf Scholz said in a speech to the Bundestag.

“We have taken a clear position regarding this pipeline, namely that it is a commercial project. There are numerous permissions. This is the state of things,” Scholz said.

The “Nord stream-2” project involves the construction of a gas pipeline with a capacity of 55 billion cubic meters per year from the Russian coast through the Baltic Sea to Germany. Nord Stream 2 AG implements it with the sole shareholder – Gazprom. European partners-Royal Dutch Shell, OMV, Engie, Uniper, and Wintershall – collectively finance the project by 50%, that is, up to 950 million euros each.

The project is actively opposed by the United States, which promotes its liquefied natural gas in the EU. The United States imposed sanctions against “Nord stream-2” in December, requiring companies to stop laying the pipeline immediately. Swiss Allseas then almost immediately announced the suspension of such work. Now the US is discussing the expansion of sanctions against the project.

At the same time, the situation around “Nord stream-2” is complicated by the incident with blogger Alexey Navalny, which prompted a wave of calls to block the project by its permanent supporter, Germany. Press Secretary of the Russian President Dmitry Peskov on Monday said that the Kremlin does not see the risks of this. For every statement now sounding with a call to stop the project, there are two statements about the absurdity of such proposals.