Policy Brief

Nord Stream 2: policy dilemmas and the future of EU gas market

Publisert: 11. feb. 2016
Sammendrag:

The Nord Stream 2 (NS2) gas pipeline project is one of the most controversial issues in EU gas-related debates today. Its proponents hold that the project is driven by purely commercial considerations, while opponents label it as political and contradictory to EU goals and rules. The project has also contributed to raising several questions concerning the role of commercial actors in the shaping and realization of the EU energy policy as well as the impact on EU internal cohesion and relations with Ukraine and Russia. Realization of NS2 may boost the role of Russian gas in the European energy mix, especially in northwestern Europe; however, it could also undermine the credibility of the common EU energy policy, which aims, at least formally, at diversification of supply routes and suppliers as a joint and coordinated response to the energy-security challenges faced by the EU as a whole and by its member states. This Policy Brief sheds light on the current state of the debate on this project and examines the possible short-, mid- and long-term implications.