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Russia FM: Nord Stream-2 deal is commercial, based on expert forecasts of gas consumption

February 04, 9:35 UTC+3 MOSCOW
According to Lavrov, the Nord Stream-2 project when realized will enhance Europe’s energy security
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© EPA/CARSTEN REHDER

MOSCOW, February 4. /TASS/. The Nord Stream-2 project when realized will enhance Europe’s energy security, Russian Foreign Minister Sergey Lavrov said in an interview with Italy’s Limes magazine.

"It is a commercial agreement based on expert forecasts of gas consumption in Europe," he said. "We are confident that its implementation will help ensure stable gas supplies to the European market and enhance energy security on our common continent. The fact that participants in the project came to realize that has helped to reach a corresponding agreement."

He reminded that stakeholders in a joint company signed an agreement on the construction of two additional threads of the Nord Stream gas pipeline with an overall annual capacity of 55 billion cubic meters of gas last September in Vladivostok on the sidelines of the Eastern Economic Forum. Along with Russia’s Gazprom, its shareholders are Europe’s biggest energy companies - Germany’s Wintershal and E.ON, Austria’s OMV, British-Dutch Shell, and France’s Engie.

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