The construction of the gas pipeline Nord Stream 2 is expected to be finished on Monday next week.
According to Ukraine Business News, the Nord Stream 2 gas pipeline going from Russia to Germany will be completed on Monday. Ironically, it is the day before Ukrainian Independence Day.
The gas pipeline, a 9.5 billion euro project, is going to take the total capacity for gas transit in the Baltics to 110 billion cubic meters of gas ever year. The pipeline has been opposed vigorously by Poland, Lithuania, Ukraine and the US, but in the end, Biden and Merkel worked it out and the project is now at it’s end.
The pipeline will make it possible for Russia to keep supplying Europe with gas without having to send it through Ukraine. This means that Ukraine will be losing around 1.5 billion USD every year in transmission fees.
A stab in the back
Nord Stream 2 was expected to be completed after Merkel and Biden game to an agreement in the end of July. The agreement was seen as a betrayal of Ukraine, most notably by Joe Biden who had previously been against the pipeline.
The statement is also meeting criticism in Ukraine, where politicians are said to be furious about the deal, according to courses speaking to Politico. Ukraine and Poland said in a joint statement that the completion of Nord Stream 2 would be dangerous to Europe.
“Currently, this crisis is significantly deepened by the resignation from attempts to stop the launch of the NS2 gas pipeline. This decision has created political, military and energy threat for Ukraine and Central Europe, while increasing Russia’s potential to destabilize the security situation in Europe, perpetuating divisions among NATO and European Union member states,” read the statement and continued:
“Unfortunately, the hitherto proposals to cover the resulting security deficit cannot be considered sufficient to effectively limit the threats created by NS2. We call on the United States and Germany to adequately address the security crisis in our region, that Russia is the only beneficiary to,” read the statement.