Opinions
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.