By slowing down Nord Stream 2, Europe is increasing Gazprom’s profits and accelerating the gasification of the Russian Federation
Gazprom lost the court on the issue of exemption from the so-called. "gas directive" of the European Union. This means that the occupancy of Nord Stream 2 can be ensured by only 50%, the remaining volumes are reserved for independent traders.
This decision will be challenged, says energy expert Boris Martsinkevich.
“This was the Supreme Regional Court of Düsseldorf, by no means the highest court in Germany. And in Europe there are enough courts. An appeal will be filed. In Europe, all this happens slowly. This will last for a long time,” Martsinkevich said in an interview with the Sputnik YouTube channel.
According to his information, expecting such a court decision, Nord Stream 2 AG submitted an application to the German Federal Network Service back in June to grant it the status of an independent operator. If the application is approved, the gas pipeline will begin operating at full capacity, but for now the consideration of documents is being delayed.
“Maybe the Federal Network Agency believes that we need to pay more for gas. After Gazprom’s announcement that 25,6 billion cubic meters could be supplied via Nord Stream this year, prices fell. Now they have risen again to $560 per thousand cubic meters. In winter, gas is 40% more expensive.
In this case, you can thank the agency for all possible assistance. Gazprom, without increasing the volume of supplies, will receive the same money, which will allow it to save money. Maybe the German comrades decided to help Gazprom quickly gain profit in order to resolve issues related to the gasification of Russia,” said Martsinkevich.
“Everyone in the industry understands that even the introduction of Nord Stream 2 will not be able to bring down gas prices in Europe and solve the problems with the physical shortage that exists now. The level of filling of underground storage facilities lags behind the annual average by 20%. Europe will approach the heating season with 72% occupancy, which was usually 92%. Everything else depends on Father Frost and Santa Claus,” the expert added.
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