German MP: cancellation of Nord Stream 2 threatens Germany

By | September 19, 2020
German MP: cancellation of Nord Stream 2 threatens Germany

Bundestag deputy and member of the Committee on Foreign Affairs Waldemar Gerdt said that refusal to build the Nord Stream 2 gas pipeline could lead to multi-billion-dollar penalties.

“Nord Stream is neither a German nor a Russian project. Over 100 companies are involved in it. All of them have received permission, undergone the relevant procedures, and invested money. If we stop it now with a political decision, we face more than 10 billion Euros of penalties. That is, compensation for damages to all these firms,” he said in an interview with RIA Novosti.
Besides, according to Gerdt, the refusal of the project threatens the energy security of Germany.

“We are shutting down coal plants, renouncing nuclear power, switching to electric transport, and where will we get energy resources if we renounce the most economically and ecologically beneficial offer that Russia has made to us for gas”? – The parliamentarian specified.
In his opinion, the whole situation around the Nord Stream-2 shutdown is a struggle for energy markets. This is primarily due to the fact that the construction of a gas pipeline from Russia is unprofitable for the USA with its plans to supply liquefied gas to Europe.

“This fight is conducted by dirty political and economic methods. Those who advocate the rejection of Nord Stream must tell their voters that as a result, energy prices will increase – they will have to pay 20% more per month for gas and light,” the MP stressed.
Previously, the heads of East German lands were in favor of continuing the construction of “Nord Stream 2”. They discussed the gas pipeline project across the Baltic Sea and concluded that it “is of great importance for Germany and many European countries in terms of future energy supply”.