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#AceDailyNews says Chancellor Olaf Scholz said the pipeline, which was set to deliver gas directly from Russia to Germany, will now be reconsidered: according to iNews Report: Published: Feb.23, 2022
Germany has suspended plans to open the Nord Stream 2 pipeline carrying gas from Moscow to Berlin, as part of a package of sanctions imposed on Russia after it announced an invasion of Ukraine.
German Chancellor Olaf Scholz said this morning that Nord Stream 2 will “not be certified”, adding that he has instructed a new assessment of how Germany’s energy supplies can be secured.
The German premier explained that the “situation has fundamentally changed”, after Russian President Vladimir Putin sent tanks into bordering Ukraine this morning.
The 1,200km pipeline under the Baltic Sea, which was set to take gas from the Russian coast near St Petersburg to Lubmin in Germany, was completed last September.
Germany’s decision to put the pipeline on ice will have major ramifications for Europe’s future gas supply, but will spell relief for western counties including the UK and US which have always opposed the plans.
The €10bn (£8.4bn) project was drawn up as a way of solving gas shortages and soaring energy costs across Europe.
The major pipeline was intended to carry enough natural gas from Russia to fuel 26m households in Europe. Together with the existing Nord Stream pipeline, which runs parallel to Nord Stream 2, the twin channels were set to deliver more than a quarter of all the gas used each year by European Union countries.
Russian state-owned energy giant Gazprom shouldered half of the cost of Nord Stream 2, with western energy firms such as Shell and ENGIE of France paying the rest.
But whilst former German Chancellor Angela Merkel helped spearhead the project, Mr Scholz, her successor, has insisted that the plug would be pulled if Russia invaded Ukraine.
Ukrainian president Volodymyr Zelensky has previously called Nord Stream 2 “a dangerous political weapon”.
Meanwhile the US and UK, along with Russia’s neighbours Poland and Ukraine, also strongly oppose the pipeline.
This story is being updated
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