Rainer Seele said speculations about the project’s higher price were "nonsense," according to the German newspaper Frankfurter Allgemeine. He emphasized that Germany had lawfully granted a permit to extend the nearly 746-mile-long natural gas pipeline into its territory and would not have the project torpedoed months before it is completed.
Nord Stream 2 is a joint venture of Russian gas giant Gazprom and five European companies. It aims to deliver 55 billion cubic meters (1.9 trillion cubic feet) of Russian natural gas annually to the European Union. The pipeline project has been welcomed by some countries in Europe and opposed by the others who raise concerns over the alleged danger of Europe's dependence on Russia and the subsequent diminished transit role of Ukraine.