European firms see no dependence on Russia from Nord Stream-2 - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

European firms see no dependence on Russia from Nord Stream-2

BERLIN, Feb 26 (PRIME) -- The Nord Stream-2 natural gas pipeline does not create dependence of Europe on Russia, it is a partnership that follows long-term and successful cooperation, executives of AustriaТs OMV and GermanyТs Wintershall and Uniper said in a joint statement on Monday.

УRussian gas supplies guarantee safety of supplies to Europe. We have to ensure safe supplies and competitive prices for gas as we are partners of large European employers. Russian gas supplies are a significant component of that, moreover, there is no other country in the world with such large reserves of gas. But the issue here is not in one-sided dependence of Europe on Russia, but in partnership that has been providing secure gas supplies to German for several decades,Ф the statement read.

УAlso, the volumes that Europe needs grows with each year. And we know no consumers of gas that would like to replace Russian pipeline gas with more expensive liquefied gas from the U.S.Ф

The European CommissionТs role is to stick to existing legislation, while the legal framework of the project is strict and leaves no room for actions of the European Commission, Уwhich is showed by the conclusion of the legal service of the European Council,Ф the executives said in the letter.

The Nord Stream-2 project envisages construction of two lines of a natural gas pipeline with an annual capacity of up to 55 billion cubic meters, running from the Russian shore to Germany under the Baltic Sea. Russian gas giant Gazprom will implement the project together with its European partners Ц Shell, OMV, Engie, Uniper, and Wintershall.


26.02.2018 19:57
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 71.9232 -0.3208 20 apr
USD 63.9602 -0.1086 20 apr
Stock Market Indices
1D 1W 1M 1Y
rtsi 1260.82 -0.12 18:50 19 apr
micex 2563.90 +0.12 18:50 19 apr
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 162.57 +0.48 18:49 19 apr
lkoh 5602.00 -0.14 18:48 19 apr
rosn 432.00 -0.84 18:49 19 apr
sber 232.60 -0.08 18:49 19 apr
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 71.9125 -0.2875 14:59 19 apr
USDTD 64.0125 +0.0400 17:44 19 apr