Gazprom Shares Rise After Completion of Nord Stream 2
OREANDA-NEWS. The price of Gazprom shares after reports of the completion of the Nord Stream 2 gas pipeline reached 330 rubles per share. This is evidenced by the data of the Moscow Exchange.
By 12:05 pm Moscow time, the price dropped to 328.96 rubles, and quotations grew by 1.36 percent.
On Friday morning, Gazprom announced the complete completion of the Nord Stream 2 gas pipeline. The highway was laid from Russia to Germany along the bottom of the Baltic Sea. The capacity of its two lines is 55 billion cubic meters per year. The implementation took three years. Ukraine was actively opposed, which fears losing transit revenues, as well as the United States, which is interested in promoting its LNG to Europe. Germany and Austria rendered active support.
Washington has several times imposed sanctions against companies connected with the construction. As a result, Russia its without foreign participants had to stop building the pipeline.
As the official representative of the Russian Foreign Ministry Maria Zakharova said, it is no longer possible to stop the launch of the Nord Stream 2 project, and Russia asks to stop hindering its launch.
Zakharova said in a video that was posted on her Telegram channel: “It became clear to everyone, including the opponents of Nord Stream 2, who with all their might opposed the construction, that it was impossible to stop it. It was time to stop obstructing this important project. to agree on reasonable, mutually beneficial parameters of the gas pipeline operation. "
She added that the timing of the start of commercial deliveries of Russian gas to Europe depends on the position of the German regulator. Russia, she said, hopes that millions of consumers in Europe will soon be able to receive Russian gas along the shortest, most economical and environmentally friendly route. "