Nord Stream 1
Nord Stream 2 has been a long-standing issue for the Western alliance. While the US and many EU-states have called on Germany to halt the project due to fears over increased dependency on Russia.
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Nord Stream 2 has been finalized but it is still awaiting approval by German regulators a process that is currently on hold for technical reasons.
. Nord Stream 2 which sought to deliver gas to Germany from Russia in a 1230 kilometre-long pipeline along the bottom of the Baltic sea rather than through the existing pipeline through Ukraine has long been criticised by former President Donald Trump who warned that it would leave Germany and other European Union member states as captives of Vladimir Putin. Nord Stream 2 consisting of 2 lines is expected to double the total capacity of the Nord Stream system from 55 billion cubic meters BCM to 110 BCM per year. Wintershall Dea AG will write off its financing of the Nord Stream 2 natural gas pipeline project totaling around 1 billion euros 11 billion as pressure grows on energy companies to exit.
About half the cost is reportedly. Roberts worked in the Reagan White House and on the Senate. Who is paying for it.
During this time period Berlin would be risking a lot should it interfere politically and stop the project. Nord Stream 1 is a permitted and fully operational gas import pipeline a spokesperson for the company told the paper adding that the lines capacity was fully utilized in the past two years. The operator of the operational Nord Stream 1 undersea gas pipeline from Russia to Germany said on Friday that transportation of natural gas to Europe was continuing normally.
FRANKFURT Reuters - German oil and gas firm Wintershall Dea said on Wednesday it would stop payments to Russia and write off its 1 billion euro 11 billion financing in the Nord Stream 2 gas. The Nord Stream 2 Pipeline will transport natural gas into the European Union to enhance security of supply support climate goals and strengthen the internal energy market. The EUs domestic gas production is in rapid decline.
To meet demand the EU needs reliable affordable and sustainable new gas supplies. Nord Stream 2 lies alongside the Nord Stream 1 pipeline in operation since 2011. The pipeline is owned by the Russian state-owned energy company Gazprom.
German oil and gas company Wintershall Dea will write off its 1 billion 11 billion financing of the Nord Stream 2 pipeline after the project was. Russias energy giant Gazprom is the sole shareholder of the Nord Stream 2 AG the company in charge of implementing the 95 billion 111 billion projectGazprom is.
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