Construction of Nord Stream 2 should be completed on Monday, the day before Ukraine’s Independence Day

Thursday, August 19, 2021

, reports Deutsche Welle. The €9.5 billion Russia—Germany natural gas pipeline is designed to render Ukraine’s Soviet-era east-west gas pipeline redundant. Coupled with Nord Stream 1, the two Baltic sea bed pipelines will have a combined annual capacity of 110 billion cubic meters of gas. After Gazprom’s gas transmission contract with Ukraine expires in 2024, Ukraine is expected to lose $1.5 billion a year in transmission fees.

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