Economist Explains Suspension Of Nord Stream 2 Certification

Economist Korenev: Europe will accelerate the certification of Nord Stream 2 when the cold weather comes

Despite the suspension of Nord Stream 2 certification “, There are no global claims to the gas pipeline, most likely, it is about bureaucratic intricacies, said economist, analyst of FG” Finam “Alexey Korenev. In a conversation with Lenta.ru, he added that in any case Europe will have to speed up its decision when the cold weather comes.

Germany on November 16 temporarily suspended the certification process for Nord Stream 2. As the German regulator explained, the suspension of the certification process for the Russian gas pipeline is due to legal changes. The economist linked this with a lot of financial and bureaucratic subtleties, as well as with the games of politicians trying to lobby their interests.

Nord Stream 2 will be

“Different political groups are trying to lobby for different interests. If you remember, it is planned to include even Ukraine in the certification commission, which, of course, will put a spoke in our wheels. It seems to me that as long as the weather is fine, as long as it is warm, the Europeans hope that they will pass this winter without Russian gas. But as soon as the cold hits, they will move much faster, “Korenev said.

He recalled that even the green agenda, which was extremely relevant in the past few years, went to the last plan as soon as the energy crisis hit: countries began to unfreeze coal mines, France began to think about restoring nuclear power plants, Turkey had already ordered them from Russia. The economist noted that the political games against this background can continue for quite a long time, but will end as soon as the Europeans begin to freeze.

“In fact, certification is a rather long and difficult process, especially considering that we have an underwater gas pipeline. There are a bunch of very complex mechanisms that need to be checked to make sure that they do not harm the ecology of the countries. All this requires a huge number of approvals and formalities. But the question here is simple: if you want to quickly get heat – no need to find fault, do not be afraid to freeze – you can track every comma, “added the economist.

Korenev emphasized that at the moment the suspension of certification is not critical – it should be completed only by January 8, so there is still time. So far, according to him, the process is at the stage of technical work, no one has any global claims to Nord Stream 2.

Earlier in October, the German Ministry of Energy issued its opinion on Nord Stream 2. The agency acknowledged that the operation of the pipeline does not threaten the energy security of Europe.

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