This opinion piece was also published in German in EnerGate
The construction of a new pipeline under the Baltic Sea between Russia and Germany throws up a series of economic, legal and political questions. German politicians face a particular dilemma. The project seems likely to be profitable for Germany itself, but it would worsen the gas supply for Germany’s eastern neighbours. The strategic opportunities that Nord Stream gives Gazprom are particularly worrying. It would make it possible for Gazprom to improve its market position in north-west Europe, offering lower prices to compete against liquid natural gas (LNG) and western European production, …read more
Source: Bruegel