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.

References:

1. Hecking H., Weiser F. Impact of Nord Stream 2 on the natural gas market, EWI Energy Research, September 2017, ewi.research-scenarios.de

2. Kuzovkin A. I. US Sanctions will affect Nord stream-2 //Microeconomics. No. 5. pp. 53-56.

3. Nord stream-2 [Electronic resource]. – Mode of access: https://ru.wikipedia.org (date accessed: 10.05.2020).

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5. Hecking, Schulte, Vatansever, Raszewski. Options for Gas Supply Diversification for the EU and Germany in the next Two Decades, 2016.

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