Poland expects long delay the project “Northern stream – 2” with US

WARSAW, September 15. /TASS/. Chairman of the management Board of Polish energy company PGNiG Piotr Wozniak expressed hope that the US will help the country if not to stop the implementation of the project “Northern stream – 2”, then at least to delay this process for a long time. He declared it in published on Friday an interview with radio station RMF FM.

According to him, “the chances are there from the moment the ally”. “We are talking about the Union, not just with declarations by the American administration, said Wozniak. “I believe that we may be able if not to block, the long delay [the project]. This helps us threat of us sanctions – which the Americans have not sent to the regiment, acting in case of need,” he added.

“This tool pushes investors away from the European side, – said Wozniak. We are talking about has not yet imposed sanctions, but the prospect of freezing the U.S. assets of a particular European company to sufficiently cool the enthusiasm of those wishing to enter into a shared project with “Gazprom”. The head of PGNiG acknowledged that while the project “Northern stream – 2” is implemented in accordance with the plan and should be completed by 2019-2020

According to Wozniak, Poland “has not yet used the last of the arguments against Nord stream – 2”, but does not intend to reveal them. “We are constantly talking about what is a threat to the competitiveness of economies violation of the anti monopoly previously firmly observed by the European Commission, he said. – We have a whole Arsenal of tools that we can use.”

One new argument Warsaw is going to announce in the near future. As explained Wozniak, talking about the German gas pipeline Eugal, which should be a continuation of the “Nord stream – 2”. According to the head of PGNiG, Gazprom has already received full access to his power for the next 20 years.

About the project

The commissioning of the “Nord stream – 2” is scheduled for the end of 2019. The pipeline must pass under the Baltic sea from the Russian coast to coast of Germany. The capacity of each of two strings is 27.5 billion cubic meters a year. The new pipeline will double the power of the first Nord stream route which in the ground and repeat.

Capital costs are estimated at €8 billion, and the total cost of the project subject to project Finance – €9.9 bn For the planning, construction and operation of the pipeline was created by the Swiss Nord Stream AG 2, which is now fully owned by Gazprom.