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Putin: New Germany-bound pipeline may help reduce prices

Putin: New Germany-bound pipeline may help reduce prices

ABC News
Wednesday, December 29, 2021 06:57:38 PM UTC

Russian President Vladimir Putin says that a new pipeline to Germany has been fully filled with natural gas

MOSCOW -- Russian President Vladimir Putin said Wednesday that a new pipeline to Germany has been fully filled with natural gas, noting that it could help quickly reduce soaring European energy prices.

The $11 billion Nord Stream 2 pipeline is currently awaiting approval from Germany and the European Union, and officials warned that a decision won't come in the first half of 2022.

The first of its two links was filled with gas in October, and Russia's state-controlled Gazprom natural gas company reported Wednesday that it had completed filling the second one to make it fully ready for operation.

Putin pointed at surging energy prices in Europe, adding that Nord Stream 2 could help quickly stabilize the markets.

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