Im Dispute over the commissioning of the almost completed Baltic Sea natural gas pipeline Beixi 2 In the future, the governments of Germany and the United States have reached an agreement on the transit of natural gas through Ukraine. According to FAZ information, it basically contains large monetary payments to Ukraine and a guarantee that natural gas from Russia will continue to flow westward through Ukraine after 2024. After informing the Polish and Ukrainian governments, detailed information should be announced on Wednesday night-both countries are the biggest opponents of the pipeline project. Ukraine is worried that Russia will stop transit transportation in order to avoid high transit fees.
The existing transit contract between Gazprom and its Ukrainian counterpart Naftogaz will expire in three years, exceeding 40 billion cubic meters per year, and guaranteed at the lowest price. If there is no extension, according to the information, the federal government threatens to impose sanctions on Beixi 2.The Chancellor of Finance has a similar situation Angela Merkel (CDU) Visited Washington last week. The pipeline from Russia to Mecklenburg-West Pomerania was constructed and operated by Gazprom, but was jointly funded by five Western European energy companies from Austria, France, the Netherlands and Germany.
Bloomberg News Agency wrote about Ukraine’s green fund, which should receive 1 billion U.S. dollars in funding. According to FAZ information, more funds can be provided, especially for the modernization of energy infrastructure, which is at least in some ways outdated and needs major repairs. The German-American Declaration issued in Washington last week stated: “The United States and Germany will work together…to mobilize investment in Central and Eastern Europe, including support for Ukraine’s energy transition, energy efficiency and energy security.”
President of Ukraine, Volodymyr Serensky, Previously pointed out the required transit revenue and commented: “For us,’energy security’ is more than just a word. We have received US$2 billion in transit funds. “Ukraine needs funds from Russian gas transit. To pay for government expenditures, but also for ecological restructuring of the economy.
Natural gas will remain important for a long time to come
Energy consumers in Germany should benefit from the Nord Stream 2 agreement. This is exactly what the economist Veronika Grimm expected. She told FAZ: “Nord Stream 2 can lower the price of gasoline for German consumers.” This also prevents the price of electricity from rising because it depends on the price of natural gas in addition to the price of carbon dioxide, which may rise in the medium term. “If the route corridor through Ukraine still exists, then Nord Stream 2 will open up more options for German energy supply. Therefore, it is important to send a clear signal here.” Professor of Economics, Macroeconomic Development, Erlangen-Nuremberg The members of the Evaluation Expert Committee support strengthening the reserve forces of Eastern European countries to prevent Beixi 2 from harming the country by doing so. The new pipeline is not absolutely necessary for supply security, but if all natural gas pipelines from Eastern Europe remain open, peak demand in winter will be better met.
