Leaders of the Visegrad group do not see the need in the “Nord stream-2”

WARSAW, 15 Oct RIA Novosti. The presidents of the Visegrad group (Poland, Czech Republic, Slovakia and Hungary), agreed the lack of necessity for the construction of the pipeline “Nord stream-2” and named it a politically motivated project, said at a joint press conference following the summit, the Polish President Andrzej Duda.

“We talked about the planned gas pipeline “Nord stream-2″, and the position of our countries is unequivocal: all the presidents support of (opinions about) the lack of economic justification for this investment, and the confidence that this investment is the basis of a political nature,” said Duda in a press conference, which was broadcast on Polish television.

According to the Polish President, the construction of the pipeline will prevent the creation of “an effective energy Union” in Europe, which will ensure the competitiveness of supply and diversification of gas sources.

“We need to diversify, it is necessary to find new sources,” said Duda.

“Nord stream 2” involves the construction of two pipelines with a total capacity of 55 billion cubic meters of gas off the coast of Russia through the Baltic sea to Germany. The new pipeline is planned to be build next to the “Nord stream”. As stated earlier Medvedev, the capital cost of the “Nord stream 2” are expected to reach 8 billion euros, however, together with the cost of borrowing the amount can reach 9.9 billion euros.

Earlier, the project partners, Engie, Gazprom, OMV, Shell and Wintershall Uniper has announced that it has decided to withdraw filed in Poland, the notification on the establishment of a joint venture for the construction of the pipeline. It was planned that these companies will become shareholders (with shares of 10%) of the company Nord Stream 2, which is currently 100% owned by “Gazprom”. Now the partners are looking for a new model of project implementation.