Why Naftogaz is wrong about Nord Stream 2 gas pipeline

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Why Naftogaz is wrong about Nord Stream 2 gas pipeline
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Chief business director of the Ukrainian energy company Naftogaz, Yuri Vitrenko, said in an interview with Deutsche Welle that US sanctions could stop the construction of Nord Stream 2 gas pipeline.

Mr. Vitrenko has specified that American sanctions or Denmark’s stance on this project can become an obstacle to its implementation. While Denmark’s delaying the issuance of the construction permit will simply postpone the project, the US sanctions are a much more important factor, he stressed.

The company’s representative also noted that Germany's stance on the gas pipeline construction has also been “evolving” lately. According to Vitrenko, German politicians may realize that Nord Stream 2 is a “really dangerous” project for both Germany and entire Europe.

Alexander Frolov, Deputy Director General at the Russian Institute For National Energy, commented on Mr. Vitrenko’s statement, saying that the same rhetoric was observed during the Nord Stream 1 pipeline construction.

“In Ukraine, they believed then and are believing now that these gas pipelines will not be put into operation, that Ukraine is a single option. A wonderful attitude!” he told Rambler News on Wednesday. He has noted that in Ukraine, there is a number of “adequate experts” who are trying to reach out to Naftogaz and the country's leadership.

“What will happen when the Nord Stream 2 pipeline is launched? The question is how to supply the population with gas in conditions of insufficient gas transit. In addition, there is a second question — how to ensure profitability, if the volumes of gas circulation go down,” Mr. Frolov added.