GGP: Nord Stream 2 – A Political and Economic Contextualisation

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This is an excerpt from a research paper by Stiftung Wissenschaft und Politik (SWP) published on March 3, 2017.

This study explores the commercial, economic, regulatory and political implications of the Nord Stream 2 project. The plans to add another two pipelines to the Nord Stream facility under the Baltic Sea have created waves within the European Union. Whether it fails or succeeds, the project’s political costs will be high, as it touches on sensitive interests in many quarters. Nord Stream is a commercial venture, but its impacts transcend its commercial and energy ramifications, and differ widely among EU states. Without a question, the project represents a challenge for energy diplomacy both internal and external. Its potentially divisive effects on European energy policy and the Energy Union need to be cushioned and contained.

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Kai-Olaf Lang and Kirsten Westphal

The statements, opinions and data contained in the content published in Global Gas Perspectives are solely those of the individual authors and contributors and not of the publisher and the editor(s) of Natural Gas World.