Alexey Gromov, Principal Director on Energy Studies at the Institute for Energy and Finance, commented to the Oil and Capital Internet portal regarding the bankruptcy of the operator of the Nord Stream 2 project.
“Information are coming in real time, and at the moment there is no specific position on this issue. The bankruptcy process does not mean that the company completely suspends its activities - it ceases to bear financial obligations to its counterparties. We are not talking about the termination of operational support for Nord Stream 2 in its current status. In light of deterioration in relations between Russia and the EU, no one has any illusions about the future of this gas pipeline. Nord Stream 2 is a project that needs to be forgotten about for a long time. Perhaps we are talking about its freezing for an indefinite period, perhaps it will never be launched at all, and soon the issue of its conservation will need to be settled. Obviously, no one can just throw the pipeline into the sea.”
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