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Nord Stream 2 Loaded With Gas & Ready To Stabilize Europe Energy Prices: Putin

By Tyler Durden

 

On Wednesday Russian President Vladimir Putin declared that the Nord Stream 2 pipeline to Germany is fully ready and prepared to start pumping gas exports, amid a continued hold-up in regulatory approval on the German side.

Hailing the completion of the $11 billion natural gas pipeline which the US had long worked to block, Putin told a government meeting which was attended by Gazprom head Alexei Miller, “I’d like to congratulate Gazprom and your partners in Nord Stream 2 on the completion of work and the creation of this additional large trunk-route and that it is ready for work,” according to Reuters.

Putin announced for the first time the second stretch of the 1,200+km pipeline has been filled with gas, and crucially asserted it’s going online will inevitably reduce gas prices in Europe – which have recently hit record highs – including in Ukraine. He said once gas starts flowing, an “immediate” positive impact will be felt on the market.

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