German Economy Ministry sees no medium-term Nord Stream 2 launch prospects – Business & Economy

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BERLIN, February 24. /TASS/. German Vice-Chancellor, Federal Minister for Economic Affairs and Climate Action Robert Habeck said he saw no prospect for the launch of the Nord Stream 2 gas pipeline.

“I don’t believe Nord Stream 2 can be launched in the medium to short term,” he said in an interview with ZDF television on Thursday. “But, of course, political efforts must be aimed at defusing the situation,” he added. At the same time, he did not rule out that “in the short term, gas and oil prices on the markets will increase” in view of the situation around Ukraine.

German Chancellor Olaf Scholz said on Tuesday that the German government is halting the certification process for the Nord Stream 2 gas pipeline project after Russia recognized the People’s Republics of Donetsk and Lugansk.

“The situation today is radically different, and therefore, in the light of recent developments, we must reassess it with regard to Nord Stream 2. Today I asked the Ministry of Economic Affairs to withdraw a report with an energy security analysis from the Federal Grid Agency,” Scholz said. “This is a technical but necessary administrative and legal step, without which gas pipeline certification cannot take place,” he said. added “Without this certification, Nord Stream 2 cannot be launched,” Scholz said.

Nord Stream 2 AG needed to be registered as an independent transmission operator in order to launch the pipeline. On November 16, 2021, the German Federal Network Agency suspended certification due to organizational and legal issues.

On December 29, 2021, Russian President Vladimir Putin said that Russia and its partners had completed Nord Stream 2 and stressed that as soon as partners in Europe decide to start work, significant additional volumes of Russian gas will immediately begin to flow. circulate there. Putin said he was convinced that the launch of Nord Stream 2 would lead to lower gas prices in Europe.

On February 21, Russian President Vladimir Putin signed decrees at the Kremlin ceremony on the recognition of the people’s republics of Donetsk and Lugansk. Putin met with the leaders of the DPR and the LPR, Denis Pushilin and Leonid Pasechnik, and signed with them the treaties of friendship, cooperation and mutual assistance between Russia and the two republics.

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