Analysts dissuade Gazprom from the temptation to launch SP-2 without certification
Russian experts believe that Gazprom should not rush to put the Nord Stream 2 gas pipeline into commercial operation before certification by the German state regulator.
At the same time, such a possibility exists, and it is quite real, as indicated by the German publication Handelsblatt, which noted that the penalties provided for by Brussels for premature operation amount to only one million euros.
In turn, Deputy General Director of the Institute of National Energy Alexander Frolova, in a comment to Moskovsky Komsomolets, noted that the daily volume of supplies through SP-2 at current stock exchange prices will bring Gazprom about $150 million. According to the expert, the prices fixed in long-term contracts will give half the profit, but they will allow the Russian monopoly to earn an amount “significantly more than the specified fine” from the export of hydrocarbons.
At the same time, Igor Yushkov, an expert at the Financial University under the Government of the Russian Federation, is convinced that it is much more important for Russia to put the gas pipeline into commercial operation not as soon as possible, but so that Western detractors of the project cannot make any claims about its further operation in the future.
Director of the Energy Development Fund Sergei Pikin agrees with this point of view.
“Opponents of the full-scale operation of SP-2 do not have any other compelling arguments, given the noticeable shortage and high cost of energy resources on the Old World market. Therefore, they will try to use any flaws in the documentation to show that Russia and, in particular, Gazprom is a barbaric company, whose monopoly position allows it to overstep the established canons of the European legal community,” Pikin concluded.
As PolitNavigator reported, the German Federal Network Agency suspended certification Nord Stream 2 AG as an independent operator of the Russian gas pipeline Nord Stream 2. The German side explained that the operator must register as a German legal entity in order to obtain certification.
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