German expert announces launch date of 'Nord Stream - 2'
The Nord Stream 2 gas pipeline will be operational before the end of 2022. That is the confident opinion of Mr. Timm Kehler, head of the German gas industry association Zukunft Gas.
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| Construction of "Nord Stream 2" in Northeast Germany. Photo: AFP/TTXVN |
“I am confident that Nord Stream 2 will be put into operation and the pipeline launch will certainly take place this year. This will affect the devaluation, because the situation will be balanced.”
He expressed the opinion that high fuel costs are not beneficial for "Gazprom" because they can reduce consumption.
“High prices will lead to a decrease in gas consumption, because high prices slow down industrial production. Therefore, Gazprom certainly does not want prices to be too high. We need to find a situation where prices will decrease to a sustainable level so that the natural gas potential for the EU will be used by European consumers,” Kehler explained.
The head of the Zukunft Gas Association also said that it is necessary to create a stable situation in all areas of the market when the pipeline is tested.
“And we certainly need to develop a stronger natural gas market in Europe and in Germany in particular. So that in the future demand will be met and the strategic role of natural gas will reflect the change in the energy balance in Europe, and in Germany in particular,” concludes expert Timm Kehler.
