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Europe: The Conditions for a Cold Winter with High Gas Prices are Set

Work on the Nord Stream 2 pipeline was completed in September, but no gas will flow through it in the coming months. Germany stopped the procedure for its certification and as soon as it became known, energy prices increased by 18%. As Le Monde predicts, gas and electricity prices will remain high in the near future.

US, Germany seal deal on contentious Russian gas pipeline

The United States and Germany on July 21 announced a deal to allow the completion of a controversial Russian gas pipeline to Europe without the imposition of further U.S. sanctions. The agreement aims to stanch fears about European dependence on Russian energy, but it was immediately assailed by critics who said it doesn't go far enough.

US President Set to Waive Sanctions on Nord Stream 2 to Mend Ties with Moscow

The Biden administration will waive sanctions on the company behind Russia's Nord Stream 2 pipeline to Europe and its chief executive, with the United States Department of State set to deliver a report as early as Wednesday, a source familiar with the plans told Reuters news agency on Wednesday.

Nord Stream 2 Project to Be Completed Regardless of US Sanctions

US sanctions against the Nord Stream 2 gas pipeline are blatant protectionism aimed at advancing its liquefied natural gas on the European market, but the EU countries understand this and support the project, and thanks to this it will be completed, Russian Deputy Prime Minister Alexander Novak told RBC TV.

Strong interest in
 DEPA Infrastructure

State sell-off fund TAIPED has recorded strong investor interest in the concession of DEPA Infrastructure, the Public Gas Corporation offshoot that includes only the utility's infrastructure and of which 65 percent belongs to the state and 35 percent to Hellenic Petroleum.
The fund expects at least seven to eight bidders in the first stage of the tender.

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