Natural Gas: Beyond Nord Flow 2: A Hold Off At Russia’S Turk Flow Project

From Bruegel:

Since 2015, Nord Stream two has been at the centre of all European discussions concerning the EU-Russia relations. But every bit endless political discussions inward Europe are beingness held on this pipeline project, the pipes of about other like Russian pipeline projection – Turk Stream – are already beingness set past times Gazprom at the bottom of the Black Sea. This slice looks at these developments, analysing their strategic impacts on Europe. 

For Europe, thinking close liberate energy safety agency thinking close Russia. First inward Jan 2006 in addition to hence inward Jan 2009, gas pricing dispute betwixt Russian Federation in addition to Ukraine led to the stop of Russian gas supplies to Europe via Ukraine – its primary transit route. This generated economical damages for Europe, notably inward South-Eastern European countries heavily subject on Russian gas for both electricity generation in addition to residential heating.

Europe responded to these gas crises past times adopting an liberate energy safety strategy mainly focused on reducing its dependency on Russian gas supply. The high priority given to Russian gas supplies arose because: (1) gas represents close ane quarter of the European liberate energy mix; (2) close ane tertiary of this gas is imported from Russia; in addition to (3) inward contrast to fossil oil or coal, it is non possible to choose large amounts of gas to where it is needed if the corresponding infrastructure is non inward place.

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