11:00 GMT11 May 2021
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    The construction of the second leg of Russia's Nord Stream pipeline will deprive Kiev of the ability to transport gas to the European Union and lead to a loss of $2 billion in revenue, Ukrainian Prime Minister Arseniy Yatsenyuk said Thursday.

    KIEV (Sputnik) – In June, Gazprom announced plans to build two additional branches of the Nord Stream gas pipeline, running from Russia to Germany, in a joint project with E.ON, Shell and OMV, with an estimated cost of 9.9 billion euro (over $11 billion).

    The Nord Stream-2 project, which plans to use the original Nord Stream pipeline for 86-percent of the route before branching off, could provide up to 55 billion cubic meters of direct gas supplies to European customers annually.

    “For Ukraine the construction [of the pipeline] would mean excluding Ukraine from transit deliveries to the European Union, which is a loss of $2 billion in revenue that we receive for delivering gas to the EU,” Yatsenyuk said during a briefing after a meeting with Slovak Prime Minister Robert Fico.

    Kiev has decided to maximally increase its reverse gas supply from Slovakia, he added.

    "We have significantly increased purchasing volumes of gas over the past few weeks and have almost reached a 100-percent capacity. Ukraine is paying 100 percent for reserved capacities from a Slovak company regardless of whether it buys the gas or not… We have now decided to maximally increase by 100 percent the volumes of reverse flow from Ukraine,” Yatsenyuk said, according to 112 Ukraina television.

    Related:

    Gazprom to Confirm Business Plan for Nord Stream-2 in January
    Nord Stream-2 Gets Green Light From Gazprom
    Kremlin Denies Nord Stream-2 Deal May Be Signed at Eastern Economic Forum
    Tags:
    reverse gas flow, gas pipeline, Nord Stream-2, Gazprom, Arseniy Yatsenyuk, Slovakia, Europe, Ukraine, Russia
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