Russia says Europe is missing out on gas with Nord Stream 2 delay

Russian Deputy Prime Minister Alexander Novak attends a session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 4, 2021. REUTERS/Evgenia Novozhenina

MOSCOW, Dec 24 (Reuters) – Europe, struggling with soaring gas prices, is missing out on additional Russian supplies amid delays to the Nord Stream 2 pipeline, a top Russian official signalled on Friday.

Deputy Prime Minister Alexander Novak said European companies that invested in the project, which is awaiting German and EU regulatory approval, would be able to ask for additional gas on top of their long-term contracts via the route.

“To my mind, European consumers are very interested in the project to start working, while the companies, which participate in it, they could have submitted additional requests as part of long-term relations on gas supplies via this new gas pipeline,” Novak told Russian state TV channel Rossiya-24.

Nord Stream 2, completed in September, has faced resistance from the United States and several European countries including Poland and Ukraine, which say it will increase Russia’s leverage over the continent.

The project has also become a focal point in a broader stand-off between the West and Russia amid tensions over Ukraine.

Novak said he expected Nord Stream 2 to obtain clearance in the middle of 2022.

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Western partners of Russian gas giant Gazprom in the project are Germany’s Uniper (UN01.DE) and BASF’s (BASFn.DE) Wintershall Dea (WINT.UL), international oil major Shell (RDSa.L), Austria’s OMV (OMVV.VI) and France’s Engie (ENGIE.PA).

Several European politicians and experts have accused Russia of holding back gas supplies to Europe in an attempt to speed up the certification of Nord Stream 2.

Russia has denied this, while some key buyers of its gas have said they haven’t asked for additional supplies.

Novak also said mistakes by European politicians in conducting energy policy, including moves to cut long-term gas supply deals in favour of spot market, had been some of the key reasons behind the surge in gas prices.

The Yamal-Europe pipeline that usually sends Russian gas to western Europe was operating in a reverse mode for a fourth day on Friday, data from German network operator Gascade showed, shipping fuel from Germany to Poland.