March sees capacity auctions for Eugal, where shippers’ bids will start the process of planning and building one onshore branch for Nord Stream.
There is a looming gap between supply and demand in Europe at the moment, but Nord Stream 2 is not quite the solution it has been presented as. Most of the gas it carries – 51bn m./yr of the 55bn m./yr – will arrive in the east of Europe; while demand to replace declining production is in the northwest.
Full article and much more in Vol.2, Issue 4 of NGW Magazine. Now available: