Development of Nord Stream-2 pipeline in full swing - Naftogaz CEO

"I do not entirely agree with the thesis that the Nord Stream-2 has been suspended... The project is being developed at full speed. They [project operator Nord Stream AG] are planning to start construction shortly. They have already ordered pipes and consider this project as quite promising," he said.

As UNIAN reported earlier, Russia is actively seeking to reduce the volume of gas transit via the territory of Ukraine. To this end, the Russian gas monopoly Gazprom and its partners are building the Turkish Stream pipeline that runs along the bottom of the Black Sea, and also intend to build the Nord Stream-2 pipeline.

Read alsoPoroshenko, Duda believe Nord Stream-2 threat to EUUNIAN memo. Nord Stream 2 project involves the construction of two strings of a gas pipeline with a total capacity of 55 billion cubic meters of gas a year from the Russian coast via the Baltic Sea to Germany. A new pipeline is expected to be built next to Nord Stream.

Read alsoRussian Nord Stream 2 bypassing Ukraine gets first partial permit in GermanyAccording to earlier estimates by Naftogaz CEO Andriy Kobolev, Nord Stream-2 in no way contributes to the diversification of gas supplies to the European Union and does not provide Europe with access to new sources of gas. Kobolev also noted that this gas pipeline could deprive Ukraine of gas transit revenues, which by the end of 2017 will have amounted to about $3 billion.