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3 Aug, 2022 09:15

German ex-chancellor offers solution to EU’s energy crisis

Gerhard Schroeder called for the launch of Russia’s Nord Stream 2 gas pipeline
German ex-chancellor offers solution to EU’s energy crisis

Former German chancellor Gerhard Schroeder has offered “the simplest solution” to Europe’s current energy crisis – to switch on the Nord Stream 2 gas pipeline.

Nord Stream 2 "is ready," the former chancellor told German magazine Stern in an interview published on Wednesday.

“The simplest solution would be to put the Nord Stream 2 pipeline into operation. If things get really tight, there is this pipeline, and with both Nord Stream pipelines there would be no supply problem for German industry and German households.” he said.

Otherwise, “you have to bear the consequences. And they will be huge in Germany, too,” Schroeder warned.

The Nord Stream 2 natural gas pipeline runs under the Baltic Sea from Russia to Germany, beside the currently operational Nord Stream 1 route. Its construction was completed last September but the pipeline was denied certification by Germany prior to the crisis in Ukraine. The German government has repeatedly said that launching Nord stream 2 now is out of the question.

In recent weeks, Russian energy supplier Gazprom reduced the gas flow via Nord Stream 1 to 20% capacity citing technical problems with Siemens turbines at a compressor station.

According to Schroeder, the reduction is Siemens' fault as the company failed to return a turbine from repairs in Canada on time.

Ottawa eventually returned the part to Germany, that was held due to sanctions on Russia, after bowing to pressure from Berlin.

Schroeder’s interview comes after a visit to Moscow last week.

For more stories on economy & finance visit RT's business section

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