May 2018, Vo. 245, No. 5

Global News

Global News

Nord Stream 2 May Cut Ukraine Transit Nearly 90% Completion of the Nord Stream 2 pipeline could drastically reduce the volume of natural gas that Russia ships to Europe via Ukraine to 10-15 Bcm per year – a drop of nearly 90%, compared with 2017 volume of more than 93 Bcf, which produced $3 billion in transit fees for Ukraine. Gazprom leader Alexei Miller issued his projection after German Chancellor Angela Merkel said the Nord Stream 2 project could not proceed without clarity on Ukraine’s role as a transit route for gas. Gazprom did not provide a timeframe for the reduction in volume. “We have never raised an issue about abandoning the Ukrainian transit,” Miller said in a statement, adding

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