On the impact of Nord stream 2 on the EU natural gas market (analytical review)

DOI: 10.33917/mic-3.92.2020.76-81

The article analyses key questions of the impact of Nord Stream 2 on the European markets.

Currently, Nord Stream 2 is one of the key international conflicts, where USA and Poland are project opponents, and Russia and key European countries are project supporters.

In the article [1] it is shown, that Nord Stream-2 launch in 2020 will reduce gas prices for all 28 EU countries by 13% with low global LNG demand and by 32% with high global LNG demand. Significant price reductions will be also received by Nord Stream 2 opponents, such as Poland. LNG imported from USA will be suffering the most.