On the impact of Nord stream 2 on the EU natural gas market (analytical review)

DOI: 10.33917/mic-3.92.2020.76-81

The article analyses key questions of the impact of Nord Stream 2 on the European markets.

Currently, Nord Stream 2 is one of the key international conflicts, where USA and Poland are project opponents, and Russia and key European countries are project supporters.

In the article [1] it is shown, that Nord Stream-2 launch in 2020 will reduce gas prices for all 28 EU countries by 13% with low global LNG demand and by 32% with high global LNG demand. Significant price reductions will be also received by Nord Stream 2 opponents, such as Poland. LNG imported from USA will be suffering the most.


1. Hecking H., Weiser F. Impact of Nord Stream 2 on the natural gas market, EWI Energy Research, September 2017, ewi.research-scenarios.de

2. Kuzovkin A. I. US Sanctions will affect Nord stream-2 //Microeconomics. No. 5. pp. 53-56.

3. Nord stream-2 [Electronic resource]. – Mode of access: https://ru.wikipedia.org (date accessed: 10.05.2020).

4. Hecking, Panke. COLUMBUS – A global gas market model, EWI Working Paper, 2012.

5. Hecking, Schulte, Vatansever, Raszewski. Options for Gas Supply Diversification for the EU and Germany in the next Two Decades, 2016.

6. Petrovich, Rogers, Hecking, Weiser. European gas grid through the eye of the TIGER: investigating bottlenecks in pipeline flows by modelling history, Oxford Institute of Energy Studies, 2016.

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