Germany and Russia Intensify Gas Cooperation Despite Political Tension
... long-existed under the mutual awareness of interdependence. This perceived paradigm has led to further deepening of the complexity of the relationship through swap deals and favorable transactions, which encompass the entire value-chain of the natural gas sector. The pinnacle of recent collaboration has been the initiation of the Nord Stream-2 project, which has the potential to completely substitute Ukrainian transit routes. On top of that, in 2015 Gazprom has delivered to Germany a record quantity of 45.3 bcm of natural gas. What’s more intriguing is the 19% increase in gas deliveries to Germany for the first quarter of 2016, when compared to 2015 Q1 delivered quantities. The implications ...