The Pros And Cons Of Nord Stream 2
Written By Vanand Meliksetian, Oilprice.com
Image by Kremlin.ru
There are few issues as divisive in the EU as the planned construction of Nord Stream 2, another direct gas infrastructure connection between Germany and the Russian Federation.
With the climate of relations between Russia and the West just above the point of freezing, the agreement between Gazprom (MCX:GAZP) and its Western counterparts Shell (NYSE:RDS-A), OMV (VIE:OMV), ENGIE (EPA:ENGI), Uniper (ETR:UN01), and Wintershall has caused critics of closer relations with Russia to mobilize.
While supporters of the project insist that it isn’t more than a commercial deal (mostly Western European countries and companies), opponents (Central and Eastern Europe) are convinced that the deal will give Moscow more unwanted influence.
Here, we’ll discuss the arguments of opponents and proponents of the proposed gas infrastructure in order to make a modest recommendation regarding Europe’s common interest…
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