Particularly in the eastern part of Germany, there will be a sharp loss of many jobs.
According to FAN, the head of the Eastern Committee of the German Economy, Oliver Hermes, is convinced that if the construction of the Nord Stream 2 gas pipeline is suspended, some European companies could suffer billions of euros in losses. Timm Köhler, head of the gas association Zukunft Erdgas, confirms his assessment.
“In case of a construction stop, investments in the amount of 8 billion euros will have to be written off,” he said.
Consumers will have to pay another 4 billion euros for connecting the connecting pipelines, provided that they are never used. Such actions will lead to a sharp and significant increase in the cost of gas in Europe, analysts say.