MOSCOW, Nov 2 – Bavarian Prime Minister Markus Seder in an interview with the newspaper Bild advocated the earliest possible commissioning of the Nord Stream 2 gas pipeline.
In his opinion, this decision can stop the rise in gas prices on the European market.
“We need a price brake for the winter and a gas strategy that will provide Germany with fuel supplies. This includes, among other things, the commissioning of Nord Stream 2,” Zeder said.
Earlier, the German Economy Ministry concluded that the certification of the Russian pipeline would not jeopardize the security of fuel supplies to Germany and the EU.
Nord Stream 2 stretches from the Russian coast through the Baltic Sea to Germany and consists of two lines with a total capacity of 55 billion cubic meters of gas per year. Construction was completed on September 10. In mid-October, Nord Stream 2 AG announced the completion of the procedure for filling the first string of the gas pipeline with gas and the continuation of commissioning work on the second string.
Energy prices in Europe have jumped sharply in recent months. At the beginning of August, the estimated value of a gas futures on the Dutch TTF index was about $ 515 per thousand cubic meters, and by the end of September it had doubled. Gas prices began to decline after hitting an all-time high of $ 1937 on October 6.
Experts believe that the rise in the price of raw materials is due to the low level of filling of European storage facilities, as well as the high demand for LNG in Asia. As Russian President Vladimir Putin noted, the gas shortage was the result of the economic policy of the European Commission.
In addition, from the Middle East, as well as from the United States to Europe, eight billion cubic meters of fuel were not supplied, while Gazprom increased imports by 11 billion cubic meters.