FNEB Vice-President Grivach predicted that prices would rise further in the EU due to the Nord Stream shutdown.

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Anti-Russian sanctions have led to the suspension of Nord Stream, which will affect further price increases in Europe. About this “Lente.ru” declaration Alexei Grivach, Deputy Director General of the National Energy Security Fund (NESF).

“The sanctions regime led to the decommissioning of the last operating unit of the Nord Stream gas pipeline. “This means we should expect further price increases and a deterioration in the energy security situation in Europe,” he said.

According to him, the worst fears were justified, because the violation of turbine maintenance disabled the last operating unit in Portovaya CS. However, Europeans have the opportunity to turn the difficult situation for the better with the introduction of Nord Stream 2.

He added that the German government is most likely unable to change anything at the moment and this project will not be started. Therefore, the situation in Europe will worsen.

Earlier on Saturday, a spokesperson for the German Federal Network Agency declaration currently on providing reliable gas supplies to Germany. According to him, the country is now “better prepared” than a few months ago. The representative of the German regulator stressed that authorities are acting “continuously and consistently” towards strengthening energy independence from Russia.

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