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> Now that the Western sanctions are strangling Russian economy - if Gazprom wanted to come back to European market - they would be first greeted by billions of
by MilaM 4y ago
> Now that the Western sanctions are strangling Russian economy - if Gazprom wanted to come back to European market - they would be first greeted by billions of dollars of contract charges in arbitration courts.
This is not merely hypothetical. Uniper, one of Gazproms biggest customers in Europe, is already suing for $12 billion in damages. And that is only one of many former customers.
https://www.reuters.com/business/energy/uniper-seeking-billions-euros-compensation-gazprom-2022-11-30/ https://www.reuters.com/business/energy/uniper-seeking-billi...
- VincentEvans 4y agoIt’s probably worth adding here that according to a quick google search - the cost of Nordstream2 project is $11B. So one might imagine that the costs of potential repairs are negligible in comparison.
- cpwright 4y agoSalt water entering the pipeline can damage more than just the single length of pipe that has the hole in it, so fixing it is can be uneconomical.
- Reason077 4y agoThe repair costs have been estimated (by Nord Stream AG) to start at around $500 million. No word yet on whether they actually plan to repair it.