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EU closes deal on Nord Stream 2 pipeline – Merkel

EU closes deal on Nord Stream 2 pipeline – Merkel

Mubasher: The EU has reached an agreement on the regulation of Russia’s Nord Stream 2 pipeline, the German chancellor Angela Merkel said on Friday.

The agreement was the result of the “close” cooperation between Germany and France, Merkel noted.

Merkel stated that her country would not be dependent on Russia in meeting its gas needs, adding that “Germany will expand its gas terminals with liquefied gas”.

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With an expected annual capacity of 110 billion cubic metres, the $11 billion Nord Stream 2 gas pipeline project is planned to run from Russia to Germany under the Baltic Sea.