German Finance Ministry admits the possibility of nationalization of part of Nord Stream 2

Nord Stream 2
©Collage / Jens Büttner / ZB / Uwe Koch/ Eibner-Pressefoto via / / Global Look Press

The German Ministry of Finance is studying the issue of alienating in favor of the state a part of the Nord Stream 2 pipeline that runs through the country. About this on Friday, June 24, Spiegel reported.referring to his sources in the ministry.

The government is considering cutting off part of the pipeline from the entire system. “Then pipes leading from the mainland to the sea could be connected to a mobile LNG terminal,” the newspaper writes. However, such a plan is risky: serious environmental problems may arise, experts who are working on the issue fear. Any change to the pipeline will require a new project approval procedure, including an environmental impact assessment.

Moscow is convinced that Europe will need Nord Stream 2. Under the circumstances, there is no hope of launching the gas pipeline, but its infrastructure is ready and will be operational in the near future, the Kremlin said.

The German authorities had previously stopped the process of certification of the Nord Stream 2 gas pipeline, and the United States included the operator company in the sanctions list. As a result, Nord Stream 2 AG was forced to terminate contracts with personnel.

Nord Stream 2 was built to double the capacity to pump gas from Russia to Europe. Officially, the construction work of the project was completed in the fall of 2021. However, after the start of the special operation of the Russian Federation in Ukraine, Western countries announced the actual freezing of the project and the impossibility of launching it in the medium term.

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