Europe Stands Divided On Gazprom’s Nord Stream 2 Pipeline

11 Oct 2017   Pipelines, Russia

Nord Stream 2—Gazprom’s pipeline project to twin the existing Nord Stream pipeline between Russia and Germany via the Baltic Sea, is dividing European nations and European Union (EU) institutions—with one group cheering on the resultant cheap gas, and the other group fearing Russia’s increased grip on the region. Proponents and supporters of the project argue that Germany and neighboring countries will get cheap, reliable gas from Russia that will complement—not replace—gas from existing supply routes. Opponents of the project argue that Russia’s Gazprom will increase its share of the European gas market, which would boost its already dominant position in Central and Eastern Europe, and therefore undermine the efforts of some European countries to diversify their gas supplies away from Russia. Opponents also see Nord Stream 2 as Moscow gaining political leverage over the EU. Nord Stream 2—currently planned for completion by the end of 2019—faces stiff opposition from […]

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