Nord Stream 2 is a worry for EU priority projects

By Andreas Walstad 23 February 2017
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Pipeline production for Nord Stream 2. The project has come under EU scrutiny. (Nord Stream 2) Pipeline production for Nord Stream 2. The project has come under EU scrutiny. (Nord Stream 2)

The project to double the capacity of the subsea Nord Stream pipeline between Russia and Germany could reduce investor interest in alternative supply routes – including new LNG terminals and interconnectors in Central East Europe – speakers told an event hosted by thinktank Bruegel in Brussels this week.

Szymon Polak, first secretary of the Polish Representation to the EU, said the cost of alternative EU-backed projects would increase if Nord Stream 2 was built. Private investors could lose interest in EU Projects of Common Interest (PCIs) because of Gazprom’s increasing market share, meaning more public money would be needed to complete them.

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