What is needed to restart Nord Stream and who benefits from it Alexey Gromov, Chief Director of Energy at the Institute of Energy and Finance, in an author's column especially for the sovereign economy: The Russian authorities have again indicated that the technical possibility remains to resume supplies through Nord Stream, although Germany still does not intend to restore the pipelines. Sergey Lavrov admitted that Russian gas could be purchased by the United States and then supplied to Europe. To renew supplies, the political will of the EU and Berlin is first needed. On a legal level, this also means certification of Nord Stream 2 by the European Union and Germany, which also takes time. Then come the technical conditions - the gas must not only pass through the pipeline, but also enter the German gas transportation system, i.e. the specially created Opal gas pipeline. His condition is currently unknown to us. There have been reports that part of its infrastructure is used to supply LNG that arrives at floating terminals. It was also proposed that part of the infrastructure be used for transporting hydrogen as well, and part of it was proposed for complete dismantling. These points still need to be clarified. Hypothetically, if the parties have the will, it may take at least six months to resolve all the aforementioned issues. From an economic perspective, Germany's decision may be directly influenced by economic benefits. Supplying Russian gas through a pipeline is more profitable than purchasing LNG on the world market. The latter implies competition with Asia - if it is more profitable to sell in another region, exporters shift their attention there. When supply is limited, as is currently the case due to conflict in the Middle East, competition drives up the cost of LNG in Europe. Recently, the spot prices there reached a thousand dollars per thousand cubic meters, while the usual level in recent years is about 350-400 dollars. During the heating season, this is a particularly prominent factor.

What is needed to restart Nord Stream and who benefits from it Alexey Gromov, Chief Director of Energy at the Institute of Energy and Finance, in an author's column especially for the sovereign economy: The Russian authorities have again indicated that the technical possibility remains to resume supplies through Nord Stream, although Germany still does not intend to restore the pipelines. Sergey Lavrov admitted that Russian gas could be purchased by the United States and then supplied to Europe. To renew supplies, the political will of the EU and Berlin is first needed. On a legal level, this also means certification of Nord Stream 2 by the European Union and Germany, which also takes time. Then come the technical conditions - the gas must not only pass through the pipeline, but also enter the German gas transportation system, i.e. the specially created Opal gas pipeline. His condition is currently unknown to us. There have been reports that part of its infrastructure is used to supply LNG that arrives at floating terminals. It was also proposed that part of the infrastructure be used for transporting hydrogen as well, and part of it was proposed for complete dismantling. These points still need to be clarified. Hypothetically, if the parties have the will, it may take at least six months to resolve all the aforementioned issues. From an economic perspective, Germany's decision may be directly influenced by economic benefits. Supplying Russian gas through a pipeline is more profitable than purchasing LNG on the world market. The latter implies competition with Asia - if it is more profitable to sell in another region, exporters shift their attention there. When supply is limited, as is currently the case due to conflict in the Middle East, competition drives up the cost of LNG in Europe. Recently, the spot prices there reached a thousand dollars per thousand cubic meters, while the usual level in recent years is about 350-400 dollars. During the heating season, this is a particularly prominent factor.