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

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Theme: Peter Pellegrini


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