The President said that Estonia had two reasons to oppose Nord Stream 2.
“First and foremost, because this project had a geopolitical impact. It meant that Ukraine would not be able to export gas to Europe in the long term,” Kaljulaid said.
The second reason, she said, is that the EU wants to switch to green energy by 2050, and systems that consume a lot of gas “do not fit well with this plan.”
“If now more cheap gas appears on the European market and companies invest in it (we call such investments“ interim ”), then I am concerned about the prospects for our green initiatives. defend their positions – they will say, for example, that gas is practically “clean”, because it is “cleaner” than coal. Therefore, I see here a threat to European environmental policy. I also do not think that this is in line with the EU’s intentions to diversify energy sources “, – she said.
Also, according to Kaljulaid, Nord Stream 2 will be a loss-making project.
“I think this project has very little chance of paying off, that is, returning the money that was spent on its construction. Gas installations that will pump gas going through the pipes of Nord Stream 2 have little chance of doing so. to pay off. This means that the project will be unprofitable in any case, “- she said.
Nord Stream 2 is supposed to link Russia with Germany along the bottom of the Baltic Sea. The length of the route is over 1200 km. The construction of the gas pipeline began in 2018. Since the end of 2019, the project and the companies participating in it are under US sanctionswhich have been expanded several times.
Construction was frozen in 2019 when 93% of the pipeline was completed, a year later, in December 2020, it was resumed.
The Nord Stream 2 AG gas pipeline operator in July 2021 noted that Nord Stream 2 is 99% complete… According to Bloomberg, laying of “Nord Stream – 2” can be completed by September 12.
The authorities of Ukraine, Poland, Hungary, Moldova, Romania, Czech Republic, Slovakia, Latvia, Lithuania and Estonia consider “Nord Stream 2” a threat to Europe’s energy security.
Joe Biden’s Administration opposed construction gas pipeline, but at the end of May Biden called “counterproductive” from the point of view of relations with Europe, the introduction of new sanctions against Nord Stream 2, since the gas pipeline is “practically finished.”
Germany and the United States reported on July 21 that signed an agreement on the Nord Stream 2 gas pipeline… Germany promised that it would apply national sanctions against Russia and call for effective EU measures if the Russian Federation will continue to use gas as an instrument of pressure on other countries or “will commit further aggressive actions against Ukraine.” According to the agreement, transit through Ukraine after the commissioning of the gas pipeline must be renewed for 10 years (the current transit contract ends in 2024).
25-th of August court in Germany refused to exempt Nord Stream 2 from compliance with EU rulesrequiring pipeline owners to differ from gas suppliers to ensure fair competition.
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