Russian Security Council Vice President Dmitry Medvedev responded to Germany’s announcement on Tuesday that it would stop certifying the Nord Stream 2 pipeline, warning of a sharp rise in natural gas prices to Europe. .
“German Chancellor Olaf Scholz has issued an order to stop the Nord Stream 2 pipeline certification process. We will. Welcome to the brave new world, where Europeans will very soon pay €2,000 for 1,000 cubic meters of natural gas,” Medvedev tweeted.
Earlier on Tuesday, Scholz announced that certification of the Nord Stream 2 pipeline would be halted in response to Moscow’s actions in eastern Ukraine.
“Regarding the latest developments, we need to reassess the situation also in relation to Nord Stream 2. It sounds very technocratic, but it is the administrative step necessary to stop the pipeline certification,” Scholz said in Berlin.
background
The 750-mile pipeline was completed in September but has yet to receive final certification from German regulators. Without it, natural gas cannot flow through the Baltic Sea pipeline from Russia to Germany.
Nord Stream 2 could supply 55 billion cubic meters of gas a year. That represents more than 50% of Germany’s annual consumption and could be worth up to $15 billion for Gazprom, the Russian state-owned company that controls the pipeline.
The United States, the United Kingdom, Ukraine and several EU countries have opposed the pipeline since it was announced in 2015, warning that the project would increase Moscow’s influence in Europe.
Source: CNN Brasil
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