Please find below the final version of our presentation on Nord Stream 2.
Last Sunday, the 14th of April, we submitted the final version of the report. We incorporated a detailed anaylsis of four different scenarios and proposed potential policy strategies as an EU reaction to these scenarios. After the submission of the final report, we started to adapt the presentation to the new findings and contents of… Read More Week 10 Summary
Please find below the final version of our report on Nord Stream 2.
This week we continued working on the final report and the presentation of the report. In addition to the policy recommendations, our group developed four scenarios for the future of NS2 based on its commissioning date and the extent of its usage, as wished by the client. Furthermore, the following lessons were learnt from the… Read More Week 9 Summary
How should the EU react to Russia’s aggression on Crimea? Is building a new pipeline not the completely wrong signal? Łoskot-Strachota/Zachmann (2014) point out several scenarios: In the short-term, the EU could stop buying Russian gas as a reaction to the Russian aggression on Crimea. However this would come with significant costs for the European… Read More Some thoughts about EU-Russian-Relations
Topic of The Panel: Towards an Energy Union: The Example of the EU Gas Directive (Link to Event Calendar, GERMAN ONLY) Overall, the panel discussion was quite shallow. Future scenarios and possible EU policy strategies were barely discussed. Nevertheless, in the following some statements of the respective panelists are summarized.
Summary: The EU member states still pursue varying natural gas strategies. While some of them focus on building bilateral energy relationships that are based on “market-based economic mechanisms” (Stefanova 2012), others frame their strategies geo-politically and aim at achieving independence from Russia for security reasons. This strategy diversity can result in energy infrastructure projects that… Read More Background & General Thoughts About a Market-Oriented External Energy Strategy of The EU
Summary Broadly spoken, a common EU policy towards Nord Stream 2 could take three directions: (i) a market-oriented approach that rejects a geo-politicization of the debate and counts on the integration of the European gas markets for ensuring supply security, (ii) a geo-economic approach that puts Nord Stream 2 on hold, uses hard sanctions against… Read More Mapping Out Scenarios For The Development of a Common EU Policy Towards Nord Stream 2
Summary The Danish permit for Nord Stream 2 is still pending. The Foreign Ministry could veto Nord Stream 2, since it passes through Danish territorial waters. Since Denmark has considerable own gas resources, it is not dependent on Russian gas. Denmark opposes to the pipeline due to security concerns and its solidarity with the Ukraine… Read More Denmark: “The Last Man Standing”… but how long can they keep this up?
SummaryNord Stream 2 “is a project with neither economic rationale nor political backing” from an EU policy perspective. Since only half of the available gas import capacities in the EU were used in 2015, Nord Stream 2 will most probably lead to stranded assets. Furthermore, the pipeline conflicts with EU gas diversification strategies, efforts for… Read More EU Energy And Natural Gas Strategies & EU Position Towards Nord Stream 2