Europe has estimated gas costs: with Russia is better than USA

The German experts of the analytical center EWI ER&S calculated that a new Russian gas pipeline “Nord stream-2” will allow European consumers in 2020 to save you from 8 billion to 24 billion euros. The Old world countries do not have to buy expensive American sirenne fuel to the stability of its energy mix, which as before will be filled with Russian raw materials. These forecasts confirm once again that Brussels, despite the dissatisfaction of Washington, will continue to support this project. However, it is possible that in return the Europeans will require additional preferences, for example, reduction of prices on “blue fuel”.


According to the Director of EWI ER&S Harald Hecking, after the commissioning of the “Nord stream – 2” will increase competition in the energy market of the European Union. “The more Russian pipeline gas at competitive price will be supplied to the EU, the less the Europeans will have to import liquefied natural gas (LNG). The lower European and, therefore, the global demand for LNG, the less it will cost. This will directly benefit the consumers”, — said Hecking.

According to calculations of the German centre if the demand for LNG will be moderate and world prices are relatively low by European consumers in the event of launch of “Nord stream – 2” save in 2020, imports of gas, almost 8 billion euros. If the demand and prices for LNG will be high, the savings of the EU countries will make up 24 billion euros.

“Do not forget that thanks to the “Nord stream – 2” the route of delivery of gas from Western Siberia, for example, in Germany will be reduced by approximately 2 thousand kilometers. Besides, “Gazprom” will not have to pay transit fees to multiple countries,” says Hecking.

A similar opinion was expressed by the ex-German Chancellor Gerhard Schroeder, who believes that his country is interested in the implementation of the “Nord stream – 2”. “The German Federal government still supports the project of the well-balanced their own interests,” — he said.

According to the chief of analytical Department UK “BK-Savings” Sergei Suverov, the demonstration of such a position suggests that Germany, which is the main buyer of Russian gas, and all Europe in General is pretty cool refers to the persistent pressure of the United States, which have recently been trying all ways to slow down the implementation of the “Nord stream – 2”. The main aim of the latest package of U.S. sanctions, which actually becomes a barrier to foreign investment in the Russian projects is the desire of Washington to prevent the completion of construction of the pipeline. This desire is understandable — the U.S. hopes to shift Russia from place the main exporter of “blue fuel” to the European market to replace Russian gas supplies of its own LNG.

However, Europeans resist and already counting the savings they can get from the new gas route. In favor of this version says also that fact that lawyers of the European Commission acknowledged the absence of Brussels ‘ powers to demand from Russia for more talks about this object, as the pipeline will pass through water area of Baltic sea and located outside the territory of the EU.

However, some experts are wary of such a strong policy support of the Russian project on the part of Europeans. They note that the EU from the point of view of economic interests is not an integral structure. Western partners of Moscow, in particular, Germany will definitely show interest in the “Nord stream – 2”, since this has obvious economic benefits — access to cheaper raw materials and a reliable long-term supplies. Whereas the Eastern European States, in contrast, the risk of losing payments for the transit of Russian gas, which will cause significant damage to many members of the EU.

“Formal “Nord stream – 2″ does not fall under the jurisdiction of the European Commission, but in practice, the European officials have many tools to significantly complicate the implementation of this project. Therefore, in this case, the active work of the lobby of the German business is crucial to its successful implementation”, says first Vice-President of “OPORA Russia” Paul Segal.

However, certainly in Europe and, first and foremost, Germany will attempt to demand from Russia an additional preferences which will be to reduce the cost of gas, increase of transparency of tariff setting for pumping fuel and separation activities for the sale and transportation of raw materials.

official channels

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