The next three months are crucial for the future of the Nord Stream 2 project which is designed to bring 55bn cubic metres of gas per year from Russia to Greifswald on the northern coast of Germany and onward from there into the European gas market. In some ways Nord Stream 2 is no different from dozens of other energy projects across the world. A simple pipeline across the Baltic linking supplies to customers, the project is technically and commercially viable. Anything involving Russia, however, is bound to be politically sensitive. The decisions to be taken in the next few weeks will decide whether the project, which is already under construction, will proceed or not. But they could also have much wider political and commercial implications, as set out in an excellent article by Professor Alan Riley.
FT 1st Oct 2018 read more »