EU Commissioner of Energy doubts the necessity of Nord Stream II
The European Union doubts the economical necessity of Gazprom’s Nord Stream II project, as stated by the European Commissioner for Energy, Maroš Šefčovič, during the Ukrainian Energy Forum, as reported by a European Pravda correspondent.
“It is a private project which provides for the expansion of Russian gas transit through the Baltic Sea. However, why does the European Union need the additional gas transit capacity if the current gas transportation system is only running at 50% capacity? What will it mean for the future of Ukraine’s gas transportation system? In addition, the current Nord Stream I pipeline also works at partial capacity,” he stated.
“Another question is how will such a concentration of Russian gas influence the European market? We are ready to debate Russia on these issues,” the European Commissioner added. “It is very hard to consider this project as attractive without answers on these specific questions,” Šefčovič summarized.