NORD STREAM'S POLICY
The prospect of building the Nord Stream 2 pipeline between Russia and Germany is dividing the EU into two camps. By following geopolitical considerations, both sides are neglecting the concept of a liberalized natural gas market and are overlooking Europe's favorable position in current international gas trade.
When Russia's Gazprom and its five European partners (BASF, E.ON, Engie, OMV and Shell) signed a declaration to build two new pipelines through the Baltic Sea ('Nord Stream 2') in September 2015, this came as a real surprise for most observers. The project would increase existing capacity from 55 to 110 billion…
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