The spike in gas prices on the European market is an issue for the whole of Europe and thus is being solved on a large scale, German Ambassador to Russia Andreas Von Geyr said on Monday
YEKATERINBURG (Pakistan Point News / Sputnik - 25th October, 2021) The spike in gas prices on the European market is an issue for the whole of Europe and thus is being solved on a large scale, German Ambassador to Russia Andreas Von Geyr said on Monday.
"The gas price crisis is a rather multifaceted topic. The solutions for these issues are currently being worked out. The price crisis concerns not only Germany, it is an issue at the pan-European level, so it is being solved at a wider level. As far as we have heard, the President of the Russian Federation has also declared his readiness to contribute to solving the issue of the gas price crisis. Everyone is working on this together," the diplomat told reporters.
When asked to comment on the Nord Stream 2 pipeline project, Von Geyr said that it has been technically completed and ready to operate.
"Now there is an issue of certification. It must be completed legitimately, transparently. When the entire certification procedure is completed, then, accordingly, the putting of the Nord Stream 2 into operation will be open to discussion," he said.
The Nord Stream 2 gas pipeline stretches from the coast of Russia through the Baltic Sea to Germany and consists of two strings with a total capacity of 55 billion cubic meters per year. Its construction was completed on September 10. The process of certification of Nord Stream 2 AG as an independent operator of the gas pipeline is currently underway to ensure that the project complies with the conditions of the February 12 EU Gas Directive.
Certification will take place in two stages. First, the German regulator, which has received a full package of documents necessary for certification in September, will develop a draft decision, and then the European Commission will give its assessment.
Europe has seen a sharp increase in fossil fuel prices, especially natural gas, driven by growing energy demand amid the global economic recovery after months of coronavirus lockdowns, as well as limited supply.