Nord Stream 2 Launch Will Balance Gas Price Parameters On European Market - Kremlin

The launch of the Nord Stream 2 gas pipeline will balance the price parameters on the European gas market, Kremlin spokesman Dmitry Peskov said on Wednesday, as gas futures prices keep surging to record highs

MOSCOW (UrduPoint News / Sputnik - 15th September, 2021) The launch of the Nord Stream 2 gas pipeline will balance the price parameters on the European gas market, Kremlin spokesman Dmitry Peskov said on Wednesday, as gas futures prices keep surging to record highs.

On September 10, Russian gas giant Gazprom announced that the construction of the Nord Stream 2 pipeline was fully completed, noting that first gas supplies to the European market could be expected during this heating season. To start commercial deliveries, Nord Stream 2 AG should be certified as an independent pipeline operator.

"There is no doubt that early commissioning of the Nord Stream 2 will significantly balance the natural gas price parameters in Europe, including on the physical market, this is obvious. There is a high demand for gas, and it is unclear what the winter will be like. If it is cold, then even more gas will be certainly needed," Peskov told reporters.