04:32 GMT +315 December 2019
Listen Live
    Annual Press Conference 2018

    Only Russia Ensured Additional Gas Supplies to Germany in March - Wintershall

    wintershall.com
    Europe
    Get short URL
    5191
    Subscribe

    KASSEL (Germany) (Sputnik) - Moscow was Berlin's only foreign partner that provided Germany with additional natural gas during the cold period in early March, Mario Mehren, the CEO of the Wintershall energy company, said.

    "Maybe you noticed that it was very cold in Europe last week, but maybe you have not noticed it, because the buildings were heated very well, and they were heated because of gas deliveries from Russia, particularly via the Nord Stream gas pipeline… If you look at flows at gas in these days, the Norwegians failed to increase the deliveries and the only partner that had responded [to the requests of Germany] was Russia," Mario Mehren, the CEO of the Wintershall energy company said at a press conference.

    German company Wintershall expects that Denmark will give the green light to the construction of the Nord Stream 2 gas pipeline in its territorial waters, the company's CEO Mario Mehren said.

    "We do not see Denmark opposing this pipeline project. We see that Denmark has started the process of obtaining a license and is working on this process. And an appropriate decision will be eventually taken on the basis of new legislation that took effect at the beginning of this year. I cannot imagine Denmark taking a decision that would harm EU consumers. I believe that there will be a positive decision on the Nord Stream 2," Mehren told a press conference.

    In November, Denmark adopted a bill that enabled the country to prevent the construction of the Nord Stream 2 if the pipeline harmed Danish strategic or security interests. In early October, Sergey Serdyukov, the chief technical officer for Nord Stream 2 AG, said that the company had developed an alternative route for the pipeline in case of Denmark banning its construction in Danish territorial waters.

    The European partners on the Nord Stream 2 gas pipeline, namely France's Engie, Austria's OMV AG, UK-Dutch Royal Dutch Shell, and Germany's Uniper and Wintershall, each contributed 324 million euros ($400 million) to the project in 2017.

    "By the end of the year, each company paid out 324 million euros… The mechanism entails that we all pay at one time," Mehren told reporters.

    Mehren specified that the first tranche was allocated in June and the second in December.

    Through Nord Stream AG, based in Zug, Switzerland, Wintershall holds a 15.5 percent share in the Nord Stream pipeline, which commenced operation in 2011. This pipeline, which runs from Russia through the Baltic Sea to the German coast, helps strengthen the security of supply in Europe with a total annual capacity of 55 billion cubic meters of natural gas. Also, Wintershall is contributing to the financing of the new Nord Stream 2 project as a co-creditor, according to Wintershall press release

    READ MORE: #BeastFromTheEast: Gazprom Comes to Aid of Freezing EU Members Again — Analyst

    Russia's energy giant Gazprom reported at the end of February and in the beginning of March about record volumes of gas exports to Europe. On Friday, the Russian company said that it had broken yet another record for daily exports by delivering 713 million cubic meters of gas to the European Union.

    In 2017, Gazprom increased its gas exports to non-CIS countries by 8.4 percent to 194.4 billion cubic meters. Chairman of Gazprom's Board of Directors Viktor Zubkov said in early February that the company's goal in 2018 was to maintain its export capacities.

    Related:

    This Irish Ferret is in Love With the 'Beast From the East'
    Braving the Beast: Britain's Cancelled Marathons
    UK Freezing and Running Out of Gas Amid 'Beast From the East'
    Beast from the East: 'Norwegian Wood' Running Out Amid 'Siberian' Cold Onslaught
    Building a Beast: Massive New Ford-Class Carrier 70 Percent Finished (VIDEO)
    Tags:
    gas supplies, gas, Nord Stream 2, Nord Stream, Wintershall, Gazprom, Mario Mehren, Germany, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik