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Germany seeks to nationalize its section of Nord Stream 2 – Der Spiegel — RT Business News

Germany’s finance ministry is exploring the possibility of nationalizing sections of the Nord Stream 2 gas pipeline that crosses the country, Der Spiegel magazine reported on Friday, citing sources.

The newly built Russian gas pipeline did not work because Germany stopped its certification before the conflict in Ukraine.

According to the publication, the federal government is examining whether the part of the system located on German soil could be cut off from the rest of the pipeline. Tubes leading from land to sea could then be connected to a mobile LNG terminal, he said.

The news of the possible expropriation comes as Germany grows increasingly worried about Russian gas supplies. Last week, shipments to Europe by Russia’s Gazprom via the Nord Stream 1 gas pipeline fell to around 40% of capacity due to parts shortages caused by sanctions against Moscow.

The Kremlin called information about the possibility of expropriation of Nord Stream 2 hypothetical.

“If there are such actions, it will be a job for lawyers to give a legal assessment to this, if it is really discussed. But without knowing the essence of what is happening, it would be a mistake to say something, Kremlin spokesman Dmitry Peskov told reporters on Friday.

The Nord Stream 2 pipeline runs from the Russian coast under the Baltic Sea to Germany. Its construction was completed in September 2021 and in December it was ready for operation. However, the German authorities stopped the certification of the gas pipeline before the conflict in Ukraine. The twin string pipeline was designed to pump 55 billion cubic meters of natural gas per year.

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