Russia Gas Link 'Not Possible' If Ukraine Is Harmed, Merkel Says

12 April, 2018, 00:12 | Author: Essie Rivera
  • Metinvest-Shipping won in two nominations of the 11th National Marine Rating of Ukraine

On April 9, Petro Poroshenko offered Germany an alternative to "Nord Stream 2", claiming that the project is economically inefficient.

Merkel said political considerations must play a role on Nord Stream 2, which would double an existing pipeline's capacity to nearly 30 percent of European Union demand. "You can just ask us, instead of investing ten billion Euros into the construction of Nord Stream-2", he concluded. The 1,200-kilometers-long pipeline is to be laid through the Baltic Sea, linking Russian Federation and Germany - bypassing Ukraine, Poland, and the Baltic States. But in March Germany issued the final permits needed for construction on its territory and in its waters. The facility is scheduled to be commissioned by the end of 2019.

Merkel said the issue wasn't about Russian gas and "whether it flows through Ukraine or through the Baltic", but about potential losses for Ukraine.

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The fact that Ukraine would lose revenue from gas transit was also echoed by Merkel during a joint news conference with Poroshenko.

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Ukraine could expect to earn around $3bn a year from transit fees, which Germany has stressed would provide a valuable source of income for a country whose economy has been battered by conflict with pro-Russia separatists.

An industry group that promotes economic ties with Russian Federation pushed back after Merkel's comments, saying Nord Stream guarantees western European energy security and that 4 billion euros ($4.9 billion) already invested in the project would be at risk.

"Nord Stream 2 is a project of European energy companies based on a clear business calculation: the route from new production areas in northern Siberia is shorter while transport costs in the long term are lower than when transmitting gas through Ukraine".

On the other hand, the politician said, the transit of the blue fuel via Ukraine will be much cheaper, and the respective supply mechanisms can be easily modernized. It will deliver 55 billion cubic meters of Russian natural gas per year to the European Union, through a pipeline across the Baltic Sea to Germany.

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