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EP condemns Nord Stream 2, urges to cancel project

EP condemns Nord Stream 2, urges to cancel project

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The European Parliament adopted a resolution with a call to shut down the construction of Nord Stream 2 gas pipeline in Baltic Sea between Russia and Germany, as the website of the EP reported.
In this resolution, Ukraine is praised from the cooperation with the EU in the energy sector, success in energy efficiency and usage of renewable energy sources. At the same time, Kyiv is recommended to continue reforming gas and electric energy market.

The Europeans noted that Ukraine plays a key role in the European energy supply network. Due to this, the members of the EP condemn the construction of Nord Stream 2 gas pipeline which goes round Ukraine.
The members of the EP stated that Nord Stream 2 is a “political project, which poses a threat to Europe’s energy security”. They call for its cancellation.

As is known, Gazprom and his partners are intended to begin the realization of the Nord Stream 2 project, which costs ten billion dollars in April 2018. It is expected that the 1200 km gas pipeline will be laid through the Baltic Sea, and will connect Russia and Germany passing Ukraine, Poland, and Baltic countries. The capacity of the gas pipeline will be twice increased than the first Nord Stream. The construction is estimated to be completed by the end of 2019.
Nord Stream 2 will have the capacity to transport 55 billion cubic meters of gas per year from Russia to Germany along the bottom of the Baltic Sea. Ukraine could lose up to $ 3 billion, or 3% of GDP due to the Nord Stream-2.

Ukraine is adamantly opposed to the construction by calling it politically motivated and suggesting the EU to create a consortium with the involvement of European companies to manage the existing more efficient transportation route through Ukraine. A number of EU countries have expressed their disagreement with the Nord Stream 2 project in particular Poland and Lithuania.
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