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

V. A. Volkonsky () and A. I. Kuzovkin
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V. A. Volkonsky: Institute of Economic Forecasting, Russian Academy of Sciences
A. I. Kuzovkin: Institute of Microeconomics

Studies on Russian Economic Development, 2021, vol. 32, issue 6, 689-694

Abstract: 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.

Keywords: gas pipeline; Nord Stream 2; geopolitical and market influence; liquefied natural gas (LNG); gas prices; welfare (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1134/S1075700721060162

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