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MOSCOW (Reuters) - Kremlin-controlled gas giant Gazprom has held off from booking additional capacity for gas supplies via Ukraine to meet surging demand in recent months, sending a clear sign it is waiting for the Nord Stream 2 pipeline to be commissioned, analysts said.
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Nord Stream 2, which runs on the bed of the Baltic Sea from Russia to Germany, bypassing Ukraine, has faced criticism from the United States, which says it will increase European reliance on Russian gas. Washington imposed sanctions on the project in 2019, slowing its progress.
The project is set to double the annual capacity of the existing Nord Stream pipeline to 110 billion cubic metres, more than Russia’s total gas exports to Europe for half a year.
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