Head of OMV told the “Achilles ‘ heel” of the project “Northern stream-2”

VIENNA, 18 Jul — RIA Novosti. Problems in the construction project of the gas pipeline “Nord stream-2” can only be because of the decisions dictated by policy, economically and technically he is stable, said the head of the Austrian oil company OMV Rainer Seele.

“Your question was whether the project (“Nord stream-2″) to fall apart…. This is always a possibility, but I have to say that the project is neither technically nor economically collapse, it can only be a political intervention,” — he said, speaking Tuesday at a forum AlpEuregio at the Economic chamber of Austria.

Speaking about the closed in 2013, a similar project of gas pipeline “Nabucco”, in which OMV also participated, Seele explained that “this pipeline has assembled a consortium against Russia to diversify the sources (of gas supplies – ed.)”. “And the project fell apart not because of the obstruction of “Gazprom”, but because the consortium was not able to find gas for the project,” added Seele.

“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”. 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.

Informed partners in the construction of the “Nord stream-2” — Engie, Gazprom, OMV, Shell and Wintershall Uniper — filed notice of establishment of a joint venture of the German and Polish antitrust regulators. Germany their approval was given, and Poland in late July, raised objections.

In early August, the project partners announced that it has decided to withdraw filed in Poland, the notification on the establishment of the joint venture. It was planned that foreign 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.