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FX.co ★ Russia seeks effective ways to enhance energy supplies to Europe

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Forex Humor:::2020-10-16T12:25:53

Russia seeks effective ways to enhance energy supplies to Europe

The Institute of Europe of the Russian Academy of Sciences has found a simple and effective way to enhance energy supplies to Europe. Guided by the old saying which states that everything new is well-forgotten old, the scientists proposed expanding the Nord Stream project and building the pipelines to supply the region with hydrogen.

Hydrogen is regarded as more environmentally-friendly fuel with zero carbon emissions which cause the greenhouse effect and subsequently global warming. At present, Europe promotes the widespread adoption of hydrogen technologies. This means that Russia has a valid reason for laying hydrogen pipelines. In fact, one might say that a start has been made. As for the expansion of the Nord Stream Pipeline project, the Russian government delivers on its promises. Therefore, active steps in this regard are expected in the near future. The proposal to construct the fifth and sixth branches of the Stream was put forward by Vladislav Belov, Deputy Director of the Institute of Europe of the Russian Academy of Sciences. He believes that the construction of both the fifth and the sixth branches is technically justified and it is not a cause for concern. Moreover, he added that Europe and Germany would not be able to provide themselves with hydrogen.

Nord Stream, a gas pipeline from Russia to Germany across the Baltic Sea, consists of two lines launched in 2012. In 2018, Gazprom started laying the third and fourth strings known as Nord Stream 2. Currently, the project is 97 percent complete.

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