Shell to continue supporting Nord Stream 2

TASS Russian News Agency | Jan 17, 2020 at 12:15 PM

MOSCOW, January 17. /TASS/. Shell, one of Gazprom's partners in construction of the Nord Stream 2 gas pipeline, remains committed to the project, Cederic Cremers, Executive Vice President and Country Chair Russia at Shell, told reporters on Friday.

"We believe this project [Nord Stream 2 - TASS] is highly important for energy security in Europe," the top manager said. The pipeline transport has advantages, and we therefore support the project, Cremers noted. Introduced sanctions affect the project and are the cause that the project could be indeed postponed for some time," he noted.

Nord Stream 2 is an international project for the construction of a gas pipeline that will run across the bottom of the Baltic Sea from the Russian coast to Germany bypassing transit states, such as Ukraine, Belarus, Poland and other Eastern European and Baltic countries.

The new 1,200 kilometer pipeline, basically following the same route as Nord Stream, will traverse economic zones and territorial water of five countries, namely Russia, Finland, Sweden, Denmark, and Germany. The pipeline's capacity will be 55 billion cubic meters of gas a year.