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Ukraine Energy Min sees 30% chance of NS2 completion, But may be Overconfident

RUSSIA
  • Ukraine Energy Min says Nord Stream 2 has 30% chance of completion
  • Notes increasing prices and declining shipments of natural gas from Gazprom may be factors putting the project under pressure
  • Says Ukraine will inform U.S. if Nord Stream 2's developers find new loopholes to avoid sanctions and if they expect additional sanctions in response
  • This seems to come from a slightly biased viewpoint, but the move to being operational seems to be the main challenge to find an alternative firm to certify after Norwegian firm DNV GL pulled out
  • At this late notice, it seems hard to stop outright construction through sanctions
  • However, that will depend on the next round of US sanctions and if they can convince key players to pull out of construction
  • If they brush off sanctions, the pipeline seems likely to be completed, but will still need to be certified
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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