Gazprom, a Russian gas holding, is ready to build the third Nord Stream pipeline in addition to the existing Nord Stream 1 and a similar project under construction — Nord Stream 2.
‘If Europe declares it needs and is ready to sign relative contracts, I do not rule out that new gas transportation projects will be required. Nord Stream 3, for example,’ Deputy Chairman of the Board of Gazprom, Alexander Medvedev, said on Rossiya 24 TV channel. However, he noted that at the moment such a project was not being discussed.
‘We have always said that we will supply Europe with as much gas as necessary,’ added the top manager of Gazprom.
Experts have already commented this statement, saying that Russia has enough capacity to supply gas and increase the volume of supplies to Europe. Russia can afford one more Nord Stream, they say. First of all, this is due to a high competitiveness of Russian gas, especially after 2014, when the ruble has weakened against the dollar and euro, whereas costs of gas extraction and transportation come in rubles.