In “Naftogaz” said that the Commission should do with the new Russian gas pipeline

The European Commission should use its mandate as a defender of the interests of European consumers and to insist on the application of the provisions of the third energy package to the project “Northern stream-2”. This was stated by the head of the NJSC “Naftogaz of Ukraine” Andriy KOBOLEV.

“Application of norms of the third energy package equally for all routes of gas supplies and the preservation of existing routes is the optimal solution for European gas consumers. It is based on transparency and free market principles,” – said KOBOLEV.

In “Naftogaz of Ukraine” noted that the company does not claim any concessions or exceptions to the European regulations and strives to work on equal terms, whereas “Gazprom” on the contrary, rejects the application of the European standard rules for the project “Nord stream-2” and relies heavily on the numerous exceptions to the requirements of the third energy package in Europe.

“The risks of the project “Northern stream-2” for the public interest and the integrity of the EU far outweigh the potential commercial benefits of a small group of companies. “Nord stream-2″ undermines the solidarity of the EU and the Energy community. The project is already jeopardizing the development of the Energy Union, giving rise to contradictions between the countries-members of EU”, – noted in “Naftogaz”.

In the state holding convinced that if this pipeline is built, it destabilizie existing reliable gas supply routes.

“This could threaten Europe additional costs is contrary to the principle of efficient use of infrastructure and lead to a concentration of routes of gas supplies under the control of Russia. While European consumers do not get access to any new sources or suppliers of energy”, – explained in the NAC.

We will remind, the European Commission wants to negotiate with Russia on “to Northern stream-2”.

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.