Nord Stream 2 delay poses problem for Europe – OIES

Gazprom may be forced to negotiate a short-term transit deal with Ukraine if Nord Stream 2 is delayed, leading to higher gas prices in Europe Gazprom may be forced to negotiate a short-term transit deal with Ukraine if Nord Stream 2 is delayed, leading to higher gas prices in Europe.
By Silvia Favasuli 4 December 2017 0 28645
Pipelines being shipped for use in the Nord Stream 2 project. Piping for Nord Stream 2 being shipped. (Gazprom)

Russian giant Gazprom will be forced to extend its gas transit deal with Ukraine if Denmark refuses to allow the proposed Nord Stream 2 pipeline to pass through its waters – a scenario that could cause price spikes in Europe, academics at the Oxford Institute for Energy Studies (OIES) have said.

A vote in the Danish parliament last week gave the country’s foreign minister, Anders Samuelsen, the power to ban pipeline projects on the grounds of foreign policy and national security concerns.

If Samuelsen implements the ban...

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