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Nord Stream 2: A failed test for EU unity and trans-Atlantic coordination

From brookings.edu

From its inception, the construction of the Nord Stream 2 pipeline has triggered a controversial debate in the European Union and the United States. Sponsored by the Russian Gazprom (which is the sole shareholder), the German Wintershall and Uniper, the French ENGIE, the Austrian OMV, and Royal Dutch Shell, the Nord Stream 2 is expected to extend and double Nord Stream 1?s existing capacity, transporting Russian gas directly to Germany via the Baltic Sea. While the EU Council has just established that pipelines with third countries must comply with EU gas rules, it remains unclear how this will impact Nord Stream ... (full story)

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  • Category: Fundamental Analysis