Uniper CFO: Nord Stream 2 Completion Not Cure-All for Gas Market Woes
11/5/2021
FRANKFURT (Reuters) — The completion of the controversial Nord Stream 2 gas pipeline to bring more Russian gas into Germany under the Baltic Sea would go some way to relieving the tight gas market this winter, but there are other factors at play, the chief finance officer of utility Uniper said.
"Clearly it (Nord Stream 2) would help but the situation is more complex," CFO Tiina Tuomela said in an earnings call with analysts on Friday, adding weather factors and the level of arrivals of liquefied natural gas (LNG) in Europe were also important.
Certification of the pipeline, where Uniper is one of the finance partners, may still be a few months away.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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