“North stream -2” has benefited from the coronavirus pandemic

The gas supply through the new pipe will start just when customers need fuel.

Gazprom will have time to upgrade its pipe layer and complete the “Nord stream -2” project while Europe is experiencing a drop in energy demand due to the coronavirus pandemic. This is the opinion of Alexey Antonov, an analyst at the Alor group.

The day before, Russian energy Minister Alexander Novak said that it would take a little time and only 5% of investment to complete the “Nord stream -2” project. By the beginning of 2020, when the Swiss contractor Allseas withdrew its vessels from the Baltic Sea due to the threat of US sanctions, the pipeline was 93% ready, Antonov said. Gazprom is the only ship; capable of operating at these depths is the “academic plan.” But the problem is that Russian specialists have not dealt with such issues independently before, and the ship will need to be upgraded, at least to install the necessary equipment on it. This takes time.

Perhaps, that is why the “Academician Chersky” has been wandering the seas and oceans for several months and will not get to the construction site in any way. But there is nothing wrong with this because Russia now does not need additional capacity to export gas to the West: due to the coronavirus epidemic, the needs of the European industry have fallen significantly for the first time in many years. And in 2021, when the world economy starts to grow, “Nord stream -2” will be ready. Both Moscow and the EU are sure of this.

Author: Flyn Braun
Graduated from Cambridge University. Previously, he worked in various diferent news media. Currently, it is a columnist of the us news section in the Free News editors.
Function: Editor
E-mail: Braun.freenews@gmail.com