Russia's Nord Stream 2 is almost finished. Slovakia could lose millions

The parastatal Eustream gas carrier is not worried, though. It is expanding its transmission capacities in all cardinal directions.

The Nord Stream 2 pipeline is installed in Swedish waters.The Nord Stream 2 pipeline is installed in Swedish waters. (Source: Nord Stream 2)

In mid-June 2015, three energy giants, namely German E.ON, British Shell and Austrian OMV, agreed with the Russian energy giant Gazprom on the construction of the Nord Stream 2 Pipeline in the Baltic Sea. Four years have passed, and the new gas pipeline is nearly finished.

It was this pipeline, the transit of Russian gas and its storage in Slovakia, that Slovak Prime Minister Peter Pellegrini (Smer) discussed with Russia's President Vladimir Putin in early June, 2019.

“The visit to Russia did not bring any new significant changes in recent rhetoric to the table,” said Capital Markets analyst Radoslav Tupý. The prime minister did not succeed in signing new agreements, which we would not have been aware of beforehand, he added.

Russia should complete the new gas pipeline by December 2019, athough this deadline may not be met, the Bloomberg agency wrote.

Slovakia to lose due to NS2

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Get daily Slovak news directly to your inbox

Theme: Peter Pellegrini

Read more articles by the topic

Top stories

News digest: Security Council will meet to discuss nationwide testing

Overview of news from Monday, October 19, 2020.

PM Igor Matovič announcing some details about nationwide testing on October 18.

PM wants to test everyone, Kotleba already positive in neo-Nazism

Nationwide testing is less utopian than the blackout but it is driven by the same ambition.

PM Igor Matovič shows the antigen testing kit that should be used in the nationwide testing project in Slovakia.

Matovič keeps falling. The effect of the dispute with its coalition partner is hard to guess

The senior coalition party was defeated by ex-PM Pellegrini’s movement, the Focus poll shows.

PM Igor Matovič

UPDATED: Nationwide testing will be secured by the army

Foreigners living in Slovakia will be able to get tested too.

Illustrative stock photo