Nord Stream-2 Can Be Built without European Investment

Company Nord Stream 2, which is building the Nord Stream 2 gas pipeline, has assessed the consequences of possible US sanctions, said its Financial Director, Paul Corcoran.

He noted that it will possible to build the gas main without Western investments.

“The project will undoubtedly be financed. This is important for Gazprom, and Russia today has a high liquidity reserve in Euros,” the Deutsche Welle German newspaper quotes him as saying.

It had been reported that Germany allegedly received preliminary guarantees from the US that the sanctions would not be extended to gas pipelines with a Russian presence.

The US, opposing the Russian-European project Nord Stream-2, earlier made quite a number of statements, however, the essence of which was that Europeans should abandon the project because the dependence of Europe on Russian gas would thereafter only increase.

Previously, the US quietly suggested that Denmark should not give permission to lay the gas pipe in its territorial waters, but now they are openly pressurizing Danish politicians. Recently, open US pressure on those Europeans who support the project has intensified. Many experts argue with good reason that Washington, behind the political slogans, conceals its economic interest, with the US planning to “clear space” on the European energy market for its liquified natural gas (LNG).

By Dimitri Dolaberidze