The fire in the price of European gas was caused by the statements of the German Foreign Minister Analena Berbok that Nord Stream 2 cannot get approval in its current form. The statements brought an increase of more than 10% in the price of natural gas today, Monday, over 116 euros per megawatt hour.
Speaking to ZDF TV late Sunday afternoon, Burbock said the three parties forming the new German government – the Social Democrats, the Greens and the Liberals – had agreed that all energy projects, including Nord Stream 2, should be in line with energy EU legislation.
“This means that, as things stand at the moment, this pipeline cannot be approved because it does not meet the requirements of European energy law,” he said. He added that the situation on the Ukrainian border, where Russia has gathered 100,000 troops, is also “a factor”. “The last administration agreed with the Americans that if there were further escalations this pipeline could not be put into operation,” he said.
Note that Nord Stream 2 has been completed but has not yet been authorized for use. If used, it will double the capacity of the existing submarine route from Russia to Europe. However, American and European critics of the project say it will increase the EU’s dependence on Russian energy exports and also allow the Kremlin to put pressure on Ukraine, which could deny lucrative gas tariffs if the pipeline proceed.
Nord Stream 2 AG, the company that operates the pipeline, and Russia’s Gazprom declined to comment. ” The company cooperates with the regulatory authority and fulfills all its requirements. “We just have to be a little more patient,” Kremlin spokesman Dmitry Peshkov told reporters, according to Interfax.
ft.com
Follow Skai.gr on Google News
and be the first to know all the news
.
