Biden says Russia’s Nord Stream-2 bad deal for Europe

STOCKHOLM, Aug 25 (PRIME) -- Europe needs diversified energy supplies and Russia’s Nord Stream-2 gas pipeline project would be a disadvantageous deal for the region, U.S. Vice President Joe Biden said at a press conference on Thursday.

«Nord Stream-2 is a bad deal for Europe,” he said.

The Nord Stream-2 project envisages construction of two lines of a gas pipeline with an annual capacity of up to 55 billion cubic meters, running from the Russian shore to Germany under the Baltic Sea.

On August 12, Gazprom and its partners in the Nord Stream-2 project, Engie, OMV, Shell, Uniper, and Wintershall, withdrew their notification of plans to create a joint venture for the project sent earlier to Poland. Previously, the partners sent the notification of creation of the joint venture to the Polish antimonopoly regulator and expected its permission to buy stakes in the joint company, but Poland objected.

End