The German-Russian company Nord Stream 2, whose parent company is Gazprom, filed for bankruptcy this week and laid off its 106 employees.
The holding company’s spokesman, Sergei Kuprianov, explained that despite this, “Gazprom will supply Russian gas this Saturday through the territory of Ukraine in the regular mode, in accordance with the requests of European consumers: 109.5 million cubic meters per day. “.
In general, in recent days, Europe increased gas withdrawals from storage facilities and significantly increased gas purchases from Russia against the background of increased spot prices due to cold weather, lack of wind and, above all, due to the aggravation of the situation in Ukraine, the Europa Press news agency specified.
the pipeline
The construction of this gas pipeline was defended for years by the former head of the German government Angela Merkel, despite pressure from the United States, which saw it as a means by Russian President Vladimir Putin to exercise energy blackmail on the leading European economic power. .
The maneuvers to prepare for the invasion of Ukraine and its completion finally sealed the fate of this pipeline, which was ready to start operating, with a transport capacity of 55,000 million cubic meters of gas per year.
The 1,230-kilometre submarine pipeline was completed at the end of 2021, with an investment of 11,000 million dollars, but was awaiting German certification to start operating.
This million-dollar project now “is nothing more than a pile of steel, at the bottom of the sea,” said the spokesman for the US State Department, Ned Price.
Gazprom on the stock exchange
Gazprom’s shares plunged 60% in two weeks and the market capitalization fell from close to US$100 billion to shrink to US$38.2 billion.
Source: Ambito
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