Publicado: Mier, Abril 11, 2018
Global | Por Milagro Delgado

Nord Stream 2 impossible without clarity on Ukraine - Merkel

Nord Stream 2 impossible without clarity on Ukraine - Merkel

"This isn't only about an economic project".

She said that "it is not just an economic issue but there are also political considerations".

Nord Stream 2 was established to bring additional supplies from northern Siberia via a shorter route than the existing one, which would help to keep costs down. After completion, scheduled for late 2019, the pipeline would double the amount of Russian gas arriving in Germany via the Baltic Sea.

But critics argue it will increase dependence on Russian Federation and enrich its state-owned energy companies at a time when Moscow stands accused of endangering European security. But, of course, the issue is about that the part of the gas will be transited through the Ukrainian territory, in other words, transit through Ukraine remains to be important. German Chancellor Angela Merkel promised to consider the impact of a new Russian-German gas pipeline on Ukraine as plans progress. "With Nord Stream 2, Ukraine would have no significance at all any more with regard to gas transit", she said, adding that Ukraine relied heavily on income from transit fees.

We also discussed this situation with the Russian president and communicated Ukraine's concern about the issue.

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According to energy firm Naftogaz expectations, Ukraine will earn around US$3 billion in 2018 from transit.

See where Petro Poleshenko states Gazprom cut off gas supplies in winter.

Earlier it was reported that 2 of the Nord Stream AG received permission for the construction and operation of the pipeline in Germany, like "Bagnet".

The World Bank has kept its forecast for GDP growth this year unchanged at 3.5 percent, but says a failure to implement reforms as promised to worldwide financial institutions could slow growth by dampening investor confidence.

"We don't want to create any kind of political ambiguity here in the European Union that Ukraine is not a reliable transit country", he said. Its length is over 1,200 km and the capacity - 55 billion cubic meters of gas per year.

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