Nord Stream 2 is the Kingmaker of European Energy Security

North Stream 2 is a divisive project that will determine the future course of the European energy system.

Its implementation will have a direct impact on countries in Eastern and Central Europe, but will also affect the French and Italian energy markets.

1. Oil and gas  remain critical components of Europe’s energy sytem.

The European energy system has already reached a turning point. It is becoming increasingly clear that any further reduction in oil and gas production in the North Sea will jeopardize Europe’s energy security. The only way to solve this problem is to include Russia in the long-term energy supply strategy

If Europe fails to integrate Russia into the continental energy supply system, the inevitable result will be an energy shortage in Europe. This hunger for energy cannot be satisfied exclusively by American liquid gas for the next 20 to 30 years.


2. Competition between U.S. and Russian LNG suppliers is intensifying.

U.S. natural gas suppliers have a clear interest in increasing their LNG supply to Europe at the expense of Russian natural gas supplies. It is known that US LNG cannot compete with Russian natural gas price-wise. Diplomatic steps are therefore being taken to convince the European Union and Germany in particular to reconsider their approach and terminate the Nord Stream 2 project.

US natural gas suppliers need the European natural gas market as outlets. US hydrocarbon fuel producers need Europe to maintain the profitability of Texas oil refineries. The demand for primary energy in the United States for the coming years is covered. If the European Union does not purchase these quantities, other natural gas products produced in these refineries may no longer be profitable. They are a  by-product of the production process. But if these refinery products are not sold, they make the US downstream business less profitable.

3. The Geopolitics of Energy Markets: Nord Stream 2

Natural gas exports from Russia are relatively cheap, reliable and contribute to geopolitical stability between Russia and the European Union. On the other hand, Germany and the European Union maintain very close relations with the United States, and this relationship is as crucial to European energy security as Europe’s relationship with Russia. 

Many thanks for the shared interest in the energy world!

This article is meant to inform the reader of recent developments in the energy industry at large. We take great pride in our work. Despite all this, we would like to point out that we do not guarantee the reliability of the content on this website.
Please note that the information presented on this site reflects the opinion / views of the author himself. No relationship to artists, authors, companies, institutions or organizations can be inferred from these texts, illustrations, images and presentations. 
The contents are not to be understood as business advice in any form. The author does not put forth investment recommendations. This article should not be taken as investment advice and the author cannot be held to account for investments made. For more information, please refer to the Legal Disclosure and Privacy Policy, which you can click on or find at the top of this page in the menu bar. 

Email (case-based consultation and support):

Whether advice can be provided depends on the specifics and particular subject matter of each individual case.

COPYRIGHT CONTACT: Please contact us by email or phone if you would like to use the following content: i. Energy industry texts and energy industry articles, ii. Presentations (PowerPoints / PDF documents) and iii. Images (i.e. images of power plants and industry). 
COPYRIGHT: Please note that these texts, reports, presentations, including presentation layouts and presentation designs, and images are subject to copyright. Please contact the website owner if you wish to use copyrighted content. For copyrighted content, permission from the content owner is required. 
GEOGRAPHIC MAPS, MUSIC, VIDEO CONTENT OF WELDER IN THE INTRODUCTION VIDEO, PRIVACY POLICY AND LEGAL DISCLAIMER (BOTH GERMAN AND ENGLISH): Geographic maps, music and video content of the welder in the introduction video, privacy policy as well as legal disclaimer (both German and English) have been provided by third party providers. Geographic maps, music and video content of the welder in the introduction video, privacy policy as well as legal disclaimer (both German and English) are NOT part of the offer. They are not part of the Boegelsack Energy portfolio.

Your subscription could not be saved. Please try again.
Your subscription has been successful.


Subscribe to our newsletter and stay updated.

Wir verwenden Sendinblue als unsere Marketing-Plattform. Wenn Sie das Formular ausfüllen und absenden, bestätigen Sie, dass die von Ihnen angegebenen Informationen an Sendinblue zur Bearbeitung gemäß den Nutzungsbedingungen übertragen werden.