{"id":13737,"date":"2015-10-23T06:07:08","date_gmt":"2015-10-23T11:07:08","guid":{"rendered":"http:\/\/olduvai.ca\/?p=13737"},"modified":"2015-10-23T06:07:21","modified_gmt":"2015-10-23T11:07:21","slug":"nord-stream-two-implications-for-europe","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=13737","title":{"rendered":"Nord Stream Two: Implications for Europe"},"content":{"rendered":"<h3 class=\"article-title\"><a href=\"http:\/\/www.geopoliticalmonitor.com\/nord-stream-two-implications-for-europe\/\" target=\"_blank\">Nord Stream Two: Implications for Europe<\/a><\/h3>\n<p>Russia, Germany, and a consortium of Western European companies have re-activated the Gazprom-led Nord Stream Two gas pipeline project. Parallel to the existing Nord Stream One pipeline on the Baltic seabed, Nord Stream Two would double the system\u2019s total capacity to 110 billion cubic meters (bcm) annually, all earmarked for direct delivery to Germany.<\/p>\n<div class=\"article-body\">\n<p>Nord Stream is billed as the world\u2019s biggest natural gas transportation project, in terms of pipeline length and throughput capacities. Initially announced in 2011\u20132012 through non-binding agreements of intent, Nord Stream Two had to be shelved for the duration of Europe\u2019s economic slump. The project agreement signed on September 4, 2015, however, is binding. Gazprom\u2019s management anticipates economic-financial recovery in Western Europe and, consequently, gas demand recovery by 2019, the target date for completing Nord Stream Two. It also expects gas extraction to decline in Norway after having been capped in the Netherlands, thus boosting European import demand.<\/p>\n<p>The project\u2019s other role is to bypass Ukraine\u2019s gas transit system, its continuation through the Slovakian and Czech transit corridors, and potentially Poland\u2019s. Those transit routes are beyond Gazprom\u2019s control. The Kremlin intends to re-direct the lion\u2019s share of its gas exports to the \u201cold\u201d European Union, into the Gazprom-controlled Nord Stream route. This would not merely deprive Ukraine and those other countries of transit revenue. Strategically, it would result in Gazprom controlling gas transportation as well as the supply to Western European customers.<\/p>\n<p>Gazprom claims that it would, in due course, deliver \u201cnew gas\u201d\u2014i.e., gas sourced from newly developed fields\u2014through Nord Stream. But it has not identified those resources; its barely disguised near-term intent is to switch the flow from Ukrainian pipelines into Nord Stream. For years to come, gas volumes diverted from Ukraine will be Nord Stream\u2019s main resource.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nord Stream Two: Implications for Europe Russia, Germany, and a consortium of Western European companies have re-activated the Gazprom-led Nord Stream Two gas pipeline project. Parallel to the existing Nord Stream One pipeline on the Baltic seabed, Nord Stream Two would double the system\u2019s total capacity to 110 billion cubic meters (bcm) annually, all earmarked [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,5],"tags":[281,349,3790,352,359,7837,10148,10149,694,821],"class_list":["post-13737","post","type-post","status-publish","format-standard","hentry","category-energy-2","category-geopolitics","tag-europe","tag-gas","tag-gas-pipeline","tag-gazprom","tag-germany","tag-nord-stream","tag-nord-stream-two","tag-pipeline-transit","tag-russia","tag-ukraine"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13737"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13737\/revisions"}],"predecessor-version":[{"id":13739,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13737\/revisions\/13739"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}