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Benefits and Losses for European Countries from the Northern Stream-2 Gas Pipeline: Overview of Estimates by Scientists and Energy Industries

Author

Listed:
  • V. A. Volkonsky

    (Institute of Economic Forecasting, Russian Academy of Sciences)

  • A. I. Kuzovkin

    (Institute of Microeconomics)

Abstract

— The Nord Stream 2 (SP-2) project makes it possible to significantly reduce the cost of gas in the European Union (EU) countries. The project has become one of the main international conflicts between Russia and Western Europe on the one hand, and the United States, Poland, the Baltic countries on the other. For the United States, JV-2 is a competitor for its supply of liquefied natural gas (LNG) to Europe. For fruitful participation in the study of these problems and scientific substantiation of the economic and geopolitical advantages of the creation of the SP-2 for the EU, it is necessary to quantitatively assess the benefits and losses obtained from this by different groups of European countries, under different scenarios. Such estimates are available in the studies of German and Hungarian power engineers. This article examines the impact of the SP-2 gas pipeline on the natural gas markets of the EU countries. The novelty of this article lies in the analysis, comparison and critical assessment of the mathematical models and calculation results available in these studies.

Suggested Citation

  • V. A. Volkonsky & A. I. Kuzovkin, 2021. "Benefits and Losses for European Countries from the Northern Stream-2 Gas Pipeline: Overview of Estimates by Scientists and Energy Industries," Studies on Russian Economic Development, Springer, vol. 32(6), pages 689-694, November.
    • Handle: RePEc:spr:sorede:v:32:y:2021:i:6:d:10.1134_s1075700721060162
    DOI: 10.1134/S1075700721060162
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    References listed on IDEAS

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