... opponents were expecting European companies to abandon the project in light of these circumstances. However, the Council of the European Union Legal Service
pointed out
that expanding the provisions of the Third Energy Package to include Nord Stream 2 was ... ... the country often cite two mutually exclusive reasons why building Nord Stream 2 in impossible. The first reason is that the gas pipeline would lead to Gazprom having a majority stake in the European market – Russia would inflate prices and/or demand that the countries in Europe bend to its political will under the threat of cutting ...
... Baltic states who seem resentful towards the «North Stream-2» pipeline construction or towards the gradual decline of Russian supplies via Baltic sea ports.
The EU investigation led by the European Commissioner for Competition Margrethe Vestager, was based on the belief that Gazprom broke European Union Competition Law when supplying gas to eight countries of the integration unit - Bulgaria, Hungary, Latvia, Lithuania, Poland, Slovakia, Czech Republic, and Estonia....
The quality of the commercial cooperation between Russian and Western European companies in the energy sector has remained significant,... ... 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... ... 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...
Turkish Stream was conceived in 2014 following Russia’s cancellation of South Stream which became a casualty of Russia-Ukrainian conflict and faced high opposition from ... ... hub for Europe will be located at the border of Turkey and Greece. Being a strategically important transit point for Russian gas going to Europe and bypassing Ukraine, Turkey tries to increase its bargaining power and engages into price arbitrage with Gazprom: 10.25% discount offered by Gazprom is deemed insufficient and Turkey does not want to receive anything less than15%. ...
... negotiating position against the background of falling production from other sources that traditionally supply gas to Europe. The European Union could act irrationally and prioritize purchases of more expensive natural gas (as is the case with Lithuania, with plans to
purchase LNG from the United States
) although this is an unlikely scenario given the slow economic growth on the continent.
People often make the mistake of thinking that the interests of Russia and the interests of Gazprom are the same. In this case, however, they are largely the same. The Russian government does not care who produces and ...