OREANDA-NEWS. The Nord Stream 2 gas pipeline will be commissioned despite a delay in project implementation. This is stated in the annual report of the German company Uniper, one of Gazprom’s partner in the project.

The Nord Stream 2 gas pipeline is an important project to ensure the security of gas supplies to Europe. We expect the Nord Stream 2 pipeline to be launched despite delays and will transport up to 55 billion cubic meters of gas per year to us, ”it says in the report. At the same time, the company notes that, despite the suspension of pipe laying, "all other work on the project continues according to plan."

Uniper also believes that, judging by forecasts, the volume of gas that will be supplied via Nord Stream 2 will not be able to cover half of the future growth in demand for this type of fuel in Europe. Therefore, the company plans to build a terminal for the reception of liquefied natural gas (LNG) in the port of Wilhelmshaven.

Regarding the financial risks of Uniper that arise from participating in a gas pipeline construction project, the company notes that "the financial division of the Uniper Group has certain contractual rights that can reduce financial risks". "Nord Stream 2 has confirmed that it is working to mitigate the negative consequences of the suspension of pipe laying and to ensure the commissioning of the gas pipeline", the report says.