39.1 C
Delhi
Friday, June 24, 2022

Jill Biden to Speak at Event in Florida, Honoring Victims of Condo Collapse

https://ift.tt/EjxfKca. first lady Jill Biden is expected...

US Theater Skips Plan to Fast Forward Through Disney Same-Sex Kiss

https://ift.tt/ZASJ0Mp movie theater owner in the western...

US Senate Approves Bipartisan Gun Violence Bill

https://ift.tt/rUyv2Ft Senate easily approved a bipartisan gun...

Germany seeking to nationalize its section of Nord Stream 2 – Der Spiegel

The government plans to transform it into an LNG terminal, the magazine reports

The German Ministry of Finance is studying the possibility of nationalizing sections of the Nord Stream 2 gas pipeline that run through the country, Der Spiegel magazine reported on Friday, citing sources.

The newly built Russian pipeline has not operated because Germany stopped its certification prior to the conflict in Ukraine.

According to the publication, the federal government is looking into whether the part of the system that is located on German soil could be cut off from the rest of the pipeline. The tubes leading from land to sea could then be connected to a mobile LNG terminal, it said.

The news about the possible expropriation comes amid growing concerns in Germany over Russian gas supply. Last week, shipments to Europe by Russia’s Gazprom via the Nord Stream 1 pipeline fell to about 40% of capacity because of parts shortages caused by sanctions on Moscow.

Read more

RT
Swiss court rules on Nord Stream 2

The Kremlin called the reports about the possibility of Nord Stream 2 being expropriated hypothetical.

“If there are such actions, it will be a job for lawyers to give a legal assessment to that, if that is really being discussed. But without knowing the essence of what is happening, it would be wrong to say something,” Kremlin spokesman Dmitry Peskov told reporters on Friday.

The Nord Stream 2 gas pipeline stretches from the Russian coast under the Baltic Sea to Germany. Its construction was completed in September 2021, and by December it was ready for operation. However, German authorities stopped the certification of the pipeline prior to the conflict in Ukraine. The two-string pipeline was designed to pump 55 billion cubic meters of natural gas annually.

For more stories on economy & finance visit RT’s business section

https://ift.tt/uT25hiR 24, 2022 at 03:58PM
from RT – Daily news

Support Us

Secured by Paypal

Related Stories

Check out other tags:

Most Popular Articles