Nord Stream 2: Pay your money, take your choice
The pipeline faces a tough financing climate and continued opposition
The Nord Stream 2 project is either the answer to Europe's prayers or one huge nightmare, depending on who you're talking to. Polish lawyers are trying to block it, while Gazprom is hell-bent on getting the strategic pipeline project built, despite the impact of US sanctions. The two-string pipeline project would take Russian gas across the Baltic Sea floor and inject it into Germany and its neighbours. It would add 55bn cubic metres a year of much-needed and relatively cheap gas to a region faced with declining North Sea production. A consortium of industry heavy hitters clubbed together to back the pipeline, with Shell, Austria's OMV, France's Engie and Germany's Uniper and Wintershall eac
Also in this section
10 March 2026
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
