The European Union and Russia are dependent on each other in the energy sector, and therefore they need to build trust-based relations. This was stated by the EU High Representative for Foreign Affairs, Josep Borrel, on Monday 25 May.
“We need to buy gas and sell it to them. So let’s invest in a better understanding between us, where each of us comes from (which country is Ed.) and how we can build trust to move forward together”.
On January 29 it was reported that the Nord Stream AG operator delivered 58.5 billion cubic meters of gas to European consumers via the Nord Stream gas pipeline in 2019.
In 2018 58.8 billion cubic meters of gas were pumped through the pipeline. At that time, this was the highest load rate since Nord Stream was launched.
On December 23, 2019 it was reported that Russian pipeline gas supplies became the main source of gas imports to the European Union – they accounted for 45 per cent of the total volume according to the European Commission’s data on gas consumption in the III quarter of the year.
Nord Stream is a natural gas pipeline between Russia and Germany that runs through the Baltic Sea. It is the marine part of one of the branches of the Yamal-Europe gas pipeline system.