HOUSTON, March 8. /TASS/. Nord Stream-2 expects to receive in the first quarter of 2018 from the EU permission to build two additional threads of the gas pipeline “Nord stream-2”. After that, the company will immediately start the construction work. This, speaking at the international conference CERAweek, said commercial Director Nord Stream 2 Reinhard Antid.

“In the first quarter of next year, we plan to obtain a permit and then immediately begin construction on two additional threads. At the end of 2019 completion of construction by 2020 will be commissioned the project,” he said.

The shortage of gas in Europe will begin to appear by 2020

Gas shortage may occur in Europe without the implementation of new pipeline projects before 2020. This international conference CERAweek said the commercial Director of Nord Stream 2 Reinhard Antid.

“Gradually accumulated deficit (gas in Europe – approx. TASS), and he will appear a few before 2020”, – he said.

According to him, the deficit will lead to an imbalance of supply and demand in the European market and as a consequence of the growth of gas prices in the region, even in the case of growth of the supply of liquefied natural gas.

Gas “Northern stream-2” in generation would reduce CO2 emissions in Europe

Gas the main gas pipeline “Nord stream-2” could reduce the CO2 emissions of Europe by 14% in the case of using only gas project for electricity generation, said Reinhard Antid.

“If all of our gas on our pipe would go to the production of electricity, the CO2 emissions would decrease by 14% in the whole of Europe,” he said.

According to Ontida, it may be a significant argument in order to expect an even higher demand for gas in Europe.

In addition, he noted that the proportion of stone in Europe is still quite large, with this type of fuel is one of the most dirty to the environment in contrast to natural gas.

Nord Stream 2 is the operator of the gas pipeline “Nord stream – 2”, which envisages the construction of two offshore strings with a total capacity of 55 billion cubic meters of gas per year from Russia to Germany under the Baltic sea. It is scheduled to be operational by the end of 2019. Capital expenditures in the project are estimated at €8 billion, and the total cost with the involvement of project financing – €9.9 billion.