“Of course, this position is justified, because the role of natural gas in the energy sector in Germany still remains high, despite the attempts of a “green transition,” the specialist said.
If the Nord Stream 2 project is abandoned, Germany risks being completely dependent on the strong volatility of gas prices, the political scientist believes.
“Because, of course, American LNG will try to occupy the vacant niche, and the Americans prefer to work on short-term contracts.
This means the risks of strong price fluctuations, rising gas prices.
This will hit the pocket of end consumers,” Kamkin explained.
He also added that if the gas pipeline is abandoned, volatility and rising prices will lead to a decrease in the competitiveness of the German industry.
Earlier, Russian Ambassador to Germany Nechaev expressed the opinion that German companies and residents of the country would suffer the damage from the US authorities stopping Nord Stream 2.
The diplomat recalled that the gas pipeline project is multilateral, not only Russia, but also several European corporations are participating in it.
Thus, everyone wins: Russia supplies gas to Europe directly at reasonable prices.