Category: Jaunumi

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Nord Stream 2 fails to adapt to the existing geopolitical situation. The revision of existing course is essential to implement the project.

Surveys-for-Subsea-Section-of-Nord-Stream-2-Completed-480x282

As reported by Gazprom on 11th of November, its board of directors has approved the termination of the shareholder agreement of Nord Stream 2 AG, the operator of the Nord Stream 2 planned gas pipeline. The decision was made after Polish antimonopoly regulator opposed Gazprom’s planned joint venture with its Western partners- Uniper, Wintershall, Shell, OMV and Engie, argumenting it would restrain competition. This creates a serious issue for Nord Stream 2 as the project financing is at stake and the investment risk gets higher.

Ms. Mara Zepa, Director of Communications, Baltic Energy Alliance: “Although the Nord Stream 2 still might become a success, the situation is very different now since the first string of Nord Stream was put into operation in November 2011. [...]

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