Russian Deputy Prime Minister Alexander Novak remarked on Thursday the construction of the Nord Stream 2 gas pipeline is almost completed, with around 100 kilometers left to build, APA reports citing Teletrader.
Novak said his cabinet has not yet discussed the possibility of imposing a "take and pay principle," in which the company either takes the product from the supplier or pays it a penalty on those that want to connect to the pipeline. He also stated his team "sees no danger of kerosene deficit this summer."
Novak also expressed his hopes Iran's oil will return to the international market this summer but noted that "this will depend on many factors." Earlier, he warned of an oil deficit currently taking place worldwide of approximately one million barrels per day.