Gas networks

Thyssengas Unphased By Nord Stream Woes

nordstream
Nord Stream 2 will double the size of the existing gas Baltic pipeline between Europe and Russia.
  • Why it matters

    Why it matters

    The planned Nord Stream 2 Baltic pipeline is controversial, with critics saying it would increase Europe’s dependence on Russian gas and could hurt Ukraine.

  • Facts

    Facts

    • Germany has already approved the building of Nord Stream 2, which would run next to existing pipeline Nord Stream 1.
    • Nord Stream has run into regulatory difficulties with the Polish anti-trust authority saying it would undermine local competition.
    • Gas grid operator Thyssengas is planning to build a pipeline in Germany to hook up with Nord Stream 2.
  • Audio

    Audio

  • Pdf

At a ceremony almost a year ago, on September 4, 2015, the head of Russian gas giant Gazprom, Alexei Miller, signed a contract with prominent Western partners to build the Nord Stream 2 pipeline. The new portal would double the capacity of the existing Baltic pipeline pumping gas from Siberia to Europe.

But just a few days ago, Wintershall, Uniper, Shell, OMV and Engie pulled out of the venture in its current form because they were concerned about incurring fines from the Polish antitrust authority, which wants to protect local operators. Gazprom plans to press ahead with the controversial project despite the setback.

Yet one German gas firm that isn’t directly involved in the pipeline project remains confident it will be realized and regards it as essential  — Thyssengas.

“I am absolutely convinced that Nord Stream 2 will happen,” Axel Botzenhardt, head of the German gas network operator, told Handelsblatt. “We need Nord Stream 2.”

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