“Nord stream” has never been a commercial project – Grybauskaite

Lithuanian President Dalia Grybauskaite said the gas pipeline “Nord stream” and “Nord stream – 2” political projects. She stated at the Munich security conference.

“It is clear that the energy was never the economy, it’s geopolitics mainly politics… “Northern stream” and “Nord stream – 2″ was never an economic or commercial projects,” she said.

The President of Lithuania noted that her country had also previously been dependent on Russian gas supplies before the price of supply through the construction of liquefied gas terminals.

“And two years ago was dependent on Russia, not only from the price, the money used to corrupt our system,” she added.

We will remind, earlier the President of Ukraine Petro Poroshenko said that the implementation of the Russian project of gas pipeline “Nord stream – 2” carries political risks. During a visit to Finland, the President said he counts on the principled position of this country in relation to the project of a new pipeline to the Russians.

The project “Northern stream – 2” involves the construction of two pipelines with a total capacity of 55 billion cubic meters of gas off the coast of Russia through the Baltic sea to Germany. The pipeline is planned to be build next to the “Nord stream”.

As was stated by the Chairman of the Board “Gazprom” Alexander Medvedev, the capital cost of the “Nord stream-2” is expected at 8 billion euros, however, together with the cost of borrowing the amount can reach 9.9 billion euros. In this case Russia will have to pay for the “Nord stream – 2”.

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