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Russian Energy Ministry mulls construction of Yamal-Europe-2 gas pipeline

April 08, 2013, 10:50 UTC+3

The future of a new gas pipeline will depend from commercial contracts

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HANNOVER, April 8 (Itar-Tass) The Russian Energy Ministry is considering the construction of a gas pipeline Yamal-Europe-2, the value of the project is not estimated yet, Russian Energy Minister Alexander Novak told Itar-Tass on Monday.

“We are considering the issue, no calculations were made yet,” the minister said.

In his view, the future of a new gas pipeline “will depend from commercial contracts.”

In general, Novak believes that a new gas pipeline will provide “a technical capability to shift between different lines of the gas pipeline and will permit to be more competitive. “The structural costs should be calculated,” he added.

On April 5, at a meeting between Gazprom CEO Alexei Miller and Polish Deputy Prime Minister and Minister of Economy Janusz Piechociсski in St. Petersburg the Russian gas giant proposed to expand the capacities of the Yamal-Europe gas pipeline. The Yamal-Europe-2 gas project envisages the construction of a gas pipeline via Poland in the direction of Slovakia and Hungary with the annual throughput capacity of 15 billion cubic meters. A feasibility study of this gas project should be developed within next six months.

Miller presented to the Polish negotiator the main parameters of the gas pipeline and noted that the project will contribute to the economic benefits for the country in the gas transit payment and a higher energy security for the consumers in the countries in Central Europe.

Commenting on the Polish response to this proposal Deputy Chairman of the Gazprom Board Alexander Medvedev noted that the response is “positive”. The memorandum on mutual understanding was signed between Gazprom and EuRoPol Gaz.


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