Russian natural gas that will run through the Nord Stream 2 pipeline is critical for Europe amid increasing demand and decreasing production in the region, according to CEO of Germany’s energy company Wintershall, Mario Mehren.

“Demand in the EU is rising, but domestic production is declining – which in short means that the import demand is increasing,” Mehren said, as quoted by the company’s press-service.

“In 2030, for example, the EU will have to import around 400 billion cubic meters of natural gas. In order to meet this increasing import demand, we need reliable partners, especially in pipeline distance.

“Nord Stream 2, for example, will provide an additional capacity of 55 billion cubic meters of natural gas when it is completed. This is natural gas that Europe needs,” the CEO stressed.

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This post originally appeared on SOTT.net

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