«Nord stream — 2» financial justified, said Grushko

© Photo : Nord Stream 2 / Axel SchmidtТрубы for the construction of the pipeline Nord stream — 2. Archive photo«Nord stream — 2» financial justified, said Grushko© Photo : Nord Stream 2 / Axel Schmidt

«Nord stream-2» is a commercial project, it is well grounded in financial and resource terms, said in an interview with RIA Novosti Deputy Minister of foreign Affairs of Russia Alexander Grushko.

U.S. Secretary of state Mike Pompeo previously said that the U.S. is actively working with European States and businesses to convince them to abandon the «Nord stream-2».

«The situation with the «Northern stream-2» is absolutely clear. First, it is a commercial project, which obviously would improve the energy security of Europe. It is well grounded in financial and resource relations. At least it is confirmed by the fact that this year without the «Nord stream» was a record in terms of Russian gas supplies to Europe — a volume totaled 194 billion cubic meters», — said Grushko.

He noted that by all estimates, the demand for pipeline gas the most competitive markets in Europe, will only increase, and «this growth will be quite a long time and is very sustainable.»

The project «Northern stream-2» involves the construction of two pipelines with a total capacity of 55 billion cubic meters of gas off the coast of Russia through the Baltic sea to Germany. The new pipeline is planned to be build next to the existing «Northern stream». «Gazprom» repeatedly talked about the readiness to save the transit of gas through Ukraine after 2019, if Kiev will prove the economic viability of the contract. The possible volumes the head of «Gazprom» Alexei Miller, estimated at 10-15 billion cubic meters per year.

The United States demands from European countries to stop participating in the project «Northern stream-2» and threatens sanctions for those who do not go for it. In return Russian gas, the U.S. promoting its own with the construction of LNG regasification terminals in Europe.

The full text of the interview is available on the website ria.ru at 12.00 GMT.