: :inin Kyiv (EET)

What Nord Stream 2 means for Europe

Natural gas
plays an important role in Europe. It is a bridging technology for the
transition of the electricity system and has significant potential to reduce CO2
emission in the mobility and heating sectors. Nevertheless, Europe is strongly
dependent on natural gas imports. While European gas demand is expected to decline
in the long-term, some
studies also forecast a relatively constant gas demand. At the same time,
however, a significant decline in domestic production in Europe is expected, making
Europe even more dependent on imports in the long run. Russian gas and LNG will
primarily meet the additional import demand. The Nord Stream 2 pipeline, with
an annual capacity of …read more

Source:: Atlantic Council


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