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
29 January 2026
Caught between LNG risks from across the Atlantic and the wounds from Russian gas dependence, Europe needs more than a simple diversification strategy
28 January 2026
The alliance looks to bolster market management credibility by bringing greater clarity and unity to output cuts and producer capacity later in 2026
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions






