Nord Stream 2 to fill gap in energy market, says Russian ambassador in Germany

Asia's Tech News Daily

Sergey Nechayev expressed hope that the new German government would support Nord Stream 2 as the project meets the interests of both the country’s economy and its population as it ensures energy security

BERLIN, October 20. /TASS/. The commissioning of the Nord Stream 2 gas pipeline project may fill the gap on the global energy market, Russian Ambassador to Berlin Sergey Nechayev said in an interview with the Berliner Zeitung newspaper published on Wednesday.

“Natural gas is a long-term and safe source for the energy transition. Without natural gas the transition to alternative energy sources cannot succeed, particularly overnight,” he said, adding that amid the global economic recovery after the coronavirus pandemic much more natural gas is required. “The respective growth cannot be offset only due to renewable energy. Nord Stream 2 can fill the gap that currently exists on the global energy market,” the diplomat said.

The construction of Nord Stream 2 has almost finished, with preliminary testing underway, in line with all environmental safety norms and requirements, he added. “The carbon footprint of Russian natural gas is three times lower than that of the US’ liquified gas,” Nechayev stressed, adding that Russia is ready to supply any volume of gas ordered if the respective transit infrastructure permits it.

“We have operating contracts, and we are ready for negotiations if it is necessary to extend them,” he said. “I have never heard that the German side is unsatisfied with our contracts. On the contrary, I have only heard positive things,” the ambassador noted. Speaking about the upsurge in gas prices in Europe he said that “Russia is not the reason for the [gas] price growth.” “Someone obviously wants to hide their own mistakes here,” Nechayev said.

The diplomat also expressed hope that the new German government would support Nord Stream 2 as the project meets the interests of both the country’s economy and its population as it ensures energy security. That said, Nord Stream 2 is a multisided project, with several European countries participating, he added.

“Our German partners confirm that Russia’s actions have always been reliable, meeting the agreements reached. Any proposals, for example, saying that we will be weaponizing our gas deliveries are nonsense. We have never done that and will not be doing that after more than 50 years of cooperation,” Ambassador said. “That is not an instrument of political pressure for us, but a good deal for all interested sides,” he noted.

The Nord Stream 2 project envisages the construction of two pipelines with a total capacity of 55 bln cubic meters per year from the coast of Russia through the Baltic Sea to Germany. The works were suspended in December 2019 after Swiss Allseas abandoned the pipe-laying due to possible US sanctions. In December 2020, the construction of the pipeline resumed and was fully completed on September 10, 2021. The commissioning of the gas pipeline is planned by the end of this year. Russia's gas producer Gazprom said earlier that 5.6 bln cubic meters of gas might be delivered via the Nord Stream 2 gas pipeline this year.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

SABUY offers loans, insurance service

SET-listed vending and billing machine operator Sabuy Technology (SABUY) has kicked off loan and insurance services through Shipsmile shop, a postal service provider run by its affiliated A.T.P. Friend Services. ... Read more »

CJ Express forges ahead with store expansion drive

Mr Veeratham said the company plans to double its stores to 1,500 branches over the next three years. CJ Express Group, the operator of CJ Supermarket, is continuing with its ... Read more »

Sentiment registers eight-month high in November

The Thailand Industry Sentiment Index (TISI) in November rose to 85.4 points, the highest in eight months, as the reopening of the country, ongoing stimulus packages and export expansion boosted ... Read more »

Recovery in year ahead depends on Omicron

The economy is expected to recover in 2022, growing 2.8-3.7%, depending mostly on the severity of the Omicron variant, according to Kasikorn Research Center (K-Research). The research house said the ... Read more »

Shippers predict robust export growth

A group of Thai shippers believe the country's exports may grow by up to 8% next year, driven by an economic recovery in partner trading countries. But it warned of ... Read more »

Fetco eyes foreign inflow of B100bn

The Thai stock market will see at least 100 billion baht of foreign inflows next year if the government succeeds in preventing the emergence of a new outbreak, according to ... Read more »

Cramer says stocks' recent rally shows need for investors to be patient, not fearful of omicron

CNBC's Jim Cramer on Tuesday delivered a lesson to investors in light of the stock market's recent move higher after a rough patch filled with Covid omicron worries. The “Mad ... Read more »

Outlook dims on Kai Tak's waterfront land as Hong Kong's Northern Metropolis plan and land conversion add to city's supply glut

A distressed sale last week at Hong Kong’s former Kai Tak airport site has clouded the outlook of the city’s property market, as an expected glut of residential land weighs ... Read more »

Housing prices have markedly stabilized: finance minister

SEOUL, Dec. 8 (Yonhap) — South Korea’s top economic policymaker said Wednesday housing prices have markedly stabilized on the back of housing supply measures, the central bank’s rate hike and ... Read more »

Initiative to develop EV ecosystem

An electric vehicle charges at a charging station operated by the Metropolitan Electricity Authority. Patipat Janthong The state-run Metropolitan Electricity Authority (MEA) plans to provide discounts on the rate of ... Read more »

Crypto investors oppose price controls Penalties urged for manipulators

Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple and Litecoin are placed on a PC motherboard in this illustration. REUTERS The crypto community disagrees with the Securities and Exchange Commission's (SEC) ... Read more »

Call for a careful tourist reopening Operators fear another lockdown

Tourists have their documents checked by workers wearing PPE suits at Suvarnabhumi airport, as detection of the Omicron variant in Thailand raised concerns among operators.  Somchai Poomlard The country's reopening ... Read more »

Fewer households below poverty line in 2020, despite corona

In 2020, the percentage of households with an income below the low-income threshold has fallen further, reports the Central Bureau of Statistics. Last year this concerned 6.8 percent of households, ... Read more »

BoT jittery over use of digital assets to make payments

A customer pays for a meal at Lim Lao Ngow, a noodle shop in Siam Square One, with Bitcoin. PAWAT LAOPAISARNTAKSIN The Bank of Thailand is concerned about the use of ... Read more »

Domino's, Papa John's lead way in boosting US pizza sales

Domino’s is the best-selling pizza brand in the US. US pizza sales were up 6 percent in 2020, to $27.5 billion, but much of that growth was concentrated among Domino’s ... Read more »

Ports of Auckland appoints Roger Gray as new chief executive

Ports of Auckland has appointed Roger Gray as its new chief executive in a year of top table changes for the embattled Auckland Council-owned port. Gray will replace former boss ... Read more »

Omicron significantly reduces Covid antibody protection in small study of Pfizer vaccine recipients

Nurse Mary Ezzat administers a Pfizer COVID-19 booster shot to Jessica M. at UCI Medical Center in Orange, CA, on Thursday, August 19, 2021.Jeff Gritchen | MediaNews Group | Orange ... Read more »

New Balance inks 3-year apparel deal with Netball Australia

The Australian Diamonds would start wearing New Balance apparel in next month’s Quad Series . Netball Australia has signed a three-year apparel partnership with New Balance that would see the ... Read more »

Marriott hopes to lure younger and wealthier travelers by launching NFT collection

The project makes Marriott one of the first hospitality brands to participate in the metaverse.  Marriott International has partnered with three digital artists, TXREK, JVY, and Erick Nicolay, to launch ... Read more »

(EDITORIAL from Korea Times on Dec. 8)

Realizing hydrogen economy: Government’s blueprint is too ambitious to be realistic The government has announced a master plan to transit toward a hydrogen economy by raising the country’s self-sufficiency rate ... Read more »

Israeli subsidiary Just Eat Takeaway fires courier who brought in union

Israeli meal delivery service 10Bis has fired the chairman of its staff representation. This Adam Shtainer had recruited members for a union among the workforce. 10Bis is a daughter of ... Read more »

Stock blog: joy on Wall Street with Nasdaq as the driver

The Amsterdam stock exchange posted its largest daily profit in more than a year on Tuesday with a return to well above 800 points. In particular, the great enthusiasm among ... Read more »

Nasdaq ends 3% higher as US stocks rally again

Investors cheer early signs that the Omicron coronavirus variant may be less severe than earlier rounds. NEW YORK (AFP) – Wall Street stocks rallied for a second straight session on ... Read more »

‘ABN Amro sells head office at Zuidas'

The deal is said to be worth just under €750 million, sources close to the negotiations say. This is reported by the Real Estate Market platform. It is not yet ... Read more »

Wall Street closes sharply higher as Omikron worries ease

The stock exchanges in New York closed on Tuesday with significant gains. Investors are less concerned about the economic impact of the Omikron variant of the coronavirus with reports that ... Read more »

Retail icon Mickey Drexler on breaking up department stores: "I don't get it."

Mickey Drexler has led some big retail brands, and he sees challenges ahead for the sector even as in-store shopping is picking up again. But he doesn't understand how the ... Read more »

Stitch Fix shares crater as retailer swings to loss, cuts full-year forecast

Read more »

Paint on A350 wings becomes a headache file for Airbus

Airbus has a growing problem with the exterior of its A350 aircraft. Airlines complain that paint is peeling off the wings. There would also be problems with the lightning derivation. ... Read more »

Swedish Prime Minister Magdalena Andersson resigns from IMF position

Photo: ANP Magdalena Andersson will resign from her position as chair of the main steering committee of the International Monetary Fund (IMF) before the end of the year. The Swedish ... Read more »

Export of Russian software up by almost 20% yoy in 2021, says Deputy Prime Minister

Packages of measures aimed at developing the industry are being gradually implemented, Dmitry Chernyshenko said Read more »

Survivor Herbert Diess stays on after another power struggle at Volkswagen

If it wasn’t conscious, it was at least symbolic. On Tuesday afternoon, Herbert Diess, CEO of the Volkswagen car group, posted a selfie on LinkedIn from a meeting room. He ... Read more »

Premier League may partner with crypto platform to sell NFTs

Several Premier League clubs already have their own sponsorship deals with crypto platforms. The Premier League is considering is about partnering with a cryptocurrency platform to sell NFTs, in a ... Read more »

Small businesses regain some lost ground as shoppers yearn for 'something a little bit different'

Although small businesses are seeing renewed strength this holiday season, many are being met with supply chain challenges and hiring struggles. Read more »

Berlin says US will close gas pipeline if Russia attacks Ukraine

Photo: ANP Germany to close controversial Nord Stream 2 gas pipeline after Russia invades Ukraine. That is what they have agreed with the Americans, US officials have told members of ... Read more »

Stock blog: buying hunger for tech funds on sunny Wall Street

The Amsterdam stock exchange posted its largest daily profit in more than a year on Tuesday with a return to well above 800 points. In particular, the great enthusiasm among ... Read more »

Space infrastructure company Loft Orbital raises $140 million from BlackRock and others

The company's YAM-2 spacecraft during integration for launch.Loft Orbital Loft Orbital, a space infrastructure start-up, raised $140 million in a new round of funding was led by investment behemoth BlackRock. ... Read more »

US wants to do more to fight bitcoin money laundering

Photo: ANP US President Joe Biden says his administration wants to do more to fight, among other things, the laundering of criminal money with bitcoins worldwide. A newly formed unit ... Read more »

Malfunctions at Amazon web store services

Photo: ANP Several services of online store Amazon are experiencing a malfunction on Tuesday. As a result, Ring’s video doorbells and cameras, among other things, do not work properly. Also ... Read more »

Record label Universal Music swings in with AEX

Universal Music, the record label of Anouk and U2, among others, which made a radiant debut in September, is taking over from ASR in the AEX. The insurer takes a ... Read more »

More and more starters in the Netherlands; how do you ensure online visibility?

Photo: Unsplash The current economic recovery from the crisis is a reason for many enterprising Dutch people to start their own business. This is the time for people to take ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic