Gazprom Germania and Nord Stream 2: dissolution of an empire

The Nord Stream 2 gas pipeline is filled with gas, but it will probably never go into operation. Who is responsible for them now? And what will happen to the other western activities of your parent company, Gazprom? A search for clues in Switzerland and Germany.

The Nord Stream 2 gas pipeline reaches Germany in Lubmin near Greifswald in the state of Mecklenburg-Western Pomerania. It is filled with gas but not in operation.

Krisztian Bocsi / Bloomberg

It could become one of the most expensive industrial ruins in economic history: the Nord Stream 2 pipeline with a capacity of 55 billion cubic meters of natural gas per year, pipes in two strands with a total length of 2460 kilometers and project costs of around 9.5 billion euros. It is fully built, filled with natural gas and connects Russia with Germany directly through the Baltic Sea. However, because the German government stopped the certification process shortly before the Russian invasion of Ukraine, the gas pipeline cannot be put into operation. The operating company Nord Stream 2 AG, based in Switzerland, was also the target of American sanctions.

The article is in German

Tags: Gazprom Germania Nord Stream dissolution empire

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