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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