Valdai Club

Sim Tack

Ian Taylor

Tu Anh Tuan

Kirill Telin

Zhang Tingting

Dmitry Trenin

Anna Tsibulina

Asle Toje

Andrei Tsygankov

Marat Terterov

Belgium

Founder, Principal Representative and Advisory Board Chair of the Brussels Energy Club; Advisory Board Member of Kazakhstan-EU Gateway.

Materials

Amid Regulators vs. Markets Struggle, the Nord Stream-2 Saga Continues

What we are going to see in Europe will not be total aggression towards Russian gas and Russian pipelines, but more decisions based on the market fundamentals of supply, demand, and price. US and Qatar LNG is quite expensive compared to Russian gas. So, these will be the factors that determine the success of the Nord Stream 2 project, rather than efforts of national regulators of the type that we have seen in Denmark.

Nord Stream 2: Roadblocks to Enhancing Europe’s Energy Security

The Nord Stream 2 project emerged against the backdrop of two complex political challenges: the general deterioration in relations between Russia and the West in the wake of Crimea and the coup in Ukraine, as well as the EU Energy Union.