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Current Affairs

Nord stream 2

Date: 09 February 2021 Tags: Miscellaneous

Issue

The Russian consortium building the Nord Stream 2 pipeline has said that it has resumed work on the controversial project.

 

Background

The development could potentially develop tensions between the United States and Germany.

 

Details

  • In 2015, Gazprom and 5 other European energy firms decided to build Nord Stream 2, valued at around $11 billion.

  • The 1,200 km pipeline will run from Ust-Luga in Russia to Greifswald in Germany, and will carry 55 billion cubic metres of gas per year.

  • The under-construction pipeline will run along the already-completed Nord Stream 1 system, and the two together will supply an aggregate of 110 billion cubic metres of gas to Germany per year.

  • The pipeline falls in German and Danish territory, and all but 150 km of pipes for the project have already been laid.

 

Controversy

  • Nord Stream 2 has drawn criticism from the US, where both the Democratic and Republican parties believe that the project would increase Europe’s dependence on Russia for natural gas.

  • The project has also irked Ukraine, whose ties with Russia have seriously deteriorated in the aftermath of the Crimean conflict in 2014.

  • There is an existing land pipeline between Russia and Europe that runs through Ukraine, which feels that once Nord Storm 2 is completed, Russia could bypass the Ukrainian pipeline, and deprive the country of lucrative transit fees.

  • Germany has solidly stood behind the Nord Stream 2, despite opposition from allies, with government insisting that it is a commercial project.

  • In December 2019, work on the project was suspended due the threat of US sanctions. The US carried out its threat for the first time, imposing sanctions on a Russian ship tasked with laying pipes for the project.