... north – toward the Yamal Peninsula – it is not expedient from an economic point of view for Gazprom to adhere to the longer transit route via Ukraine. It should be noted that after the main source of the gas that is to be transported via Nord Stream 2 (the Bovanenkovo gas field in the Yamalo-Nenets Autonomous Region) reaches its top production capacity in 2023 (115 billion cubic metres), it could fill both new lines of the pipeline. As
Gazprom officials have claimed
, Nord Stream 2 transit payments for transporting ...
When Gazprom
announced that it was adding two gas pipelines
to the Nord Stream project at the St. Petersburg International Economic Forum in June 2015, few people expected the company to garner so much interest in such a short time. The initiative, which has since been given the name Nord Stream 2, is now key to Gazprom’s ...
... the one hand, and authoritarian consolidation, on the other hand.
Energy Calamity
It is argued by some that the Russo-European relationship has soured creating an anti-Russian stance. Has this occurred due to European attempts to lower gas import prices, or more serious underlining issues? Europe’s potential alternative pipeline has even been called “Nabucco” – does Europe really feel enslaved by the Russia energy dependence in a Verdian sense?
For far too ...
... vital. For instance Gazprom says it exported 150 billion cubic meters of gas, but only 107 billion was in fact pumped. Further, price disparity must be addressed with an informative business model. Sochi pipelines are 10 times smaller in diameter than Nord Stream’s, but cost more. Such lack of economies of scale is common as well as the price disparity due to Gazprom buying gas at almost any price. So it will be vital to reach equilibrium as for instance Europe has hit the other polarity by having too much legislation, as populated areas need around 700 local, regional and central government patents to erect 500km of pipes ...
