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Valeriy Pysarenko participates in the International Debates “Nord Stream – 2 and its impact on Europe”


Today, the Member of the Ukrainian Parliament Valeriy Pysarenko on the Ukrainian delegation participates in the international Debates in Vienna. The debates are about the plans of the Russian Federation to build an export gas pipeline to the Europe via the Baltic Sea – "Nord Stream - 2"

European Energy Community and the Embassy of the Republic of Poland in Vienna invited international community and government delegations to discuss the impact of the "Nord Stream - 2" on the Europe. The reason behind this discussion is that implementation of such projects is against the EU Energy strategy to diversify the supply sources as well as endangers energy security of EU and Ukraine, which is a member of European Energy Community.

It is to be recalled, that on the 15th of November, 264 members of the Parliament voted in favor of the appeal of the Verkhovna Rada to the parliaments and executive authorities of the EU Member States with regard to the strengthening of collaboration in the field of energy security and potential risks of implementation of the projects for construction of transit gas pipelines by passing Ukraine.

According to the Member of the Parliament, implementation of the project "Nord Stream - 2" may significantly challenge energy security in Ukraine, reduce income for gas transportation and endanger investments in Ukrainian infrastructure, which are extremely needed for normal functioning of the national energy system. Without gas transit business, Ukraine will lose USD 2 billion of income per year (which is 1.5% from the gross domestic product).

According to members of the Parliament, "Nord Stream - 2" also threatens energy security in Central and East European countries, depriving EU from real competition.

The launch of the project "Nord Stream - 2" is scheduled for the end of the year 2019. The pipeline will pass through the Baltic Sea from the Russian coast to the coast in German.

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