Ukraine is going to prevent the construction of “Nord stream – 2”

Ukraine is taking all necessary political and legal measures in order to prevent the construction of a second pipeline “Nord stream”, by which natural gas can be transported from Russia to the EU bypassing Ukraine. This was announced by Prime Minister of Ukraine Volodymyr Groisman.

“I want to assure you that all political and legal measures taken by Ukraine to defend national interests. Including coordination of our efforts with other international partners to prevent the construction of a political project that threatens the national security of not only Ukraine but also other countries”, – said the Prime Minister.

As reported, in early September 2015, the Russian “Gazprom” and Shell, OMV, E. On. signed a shareholders ‘ agreement the joint project company, which will deal with the construction of the gas pipeline “Nord stream-2”.

By estimations of Chairman of “Naftogaz” Andrey KOBOLEV, the pipeline does not contribute to the diversification of gas supplies to the EU and provides the EU access to new sources of gas. Also, according to KOBOLEV, the implementation of the project “Northern stream-2” will lead to the fact that the points of entry of Russian gas to the EU will be concentrated almost exclusively in Germany. However, the existing pipelines between the North of Germany and the countries of Central and Eastern Europe do not have sufficient capacity to deliver the necessary volumes of gas in the Eastern European regions.

24 April 2017, Gazprom and its European partners had signed the financing agreement of the “Nord stream-2”.

We will remind, 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 noted 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.