Europe Needs Nord Stream 2 More Than It Likes To Admit

Read more on this subject: European Union
News Story Source:, by Irina Slav
Led by Ukraine, which fears the transit fee losses that Nord Stream 2 would bring, and the Baltic States and Poland, which are too reliant on Russian gas supplies already, this opposition led to legal battles and threats of sanctions if Russia "tries to use the pipeline as a weapon against other countries," according to German Chancellor Angela Merkel.

The project also attracted the attention of the new global gas export giant, the United States, for which the European market is a most lucrative one thanks to its repetitively stated desire to diversify gas supply sources.

The U.S. slapped sanctions on the Russian participants in Nord Stream 2 and threatened their Western European partners with sanctions, too. Germany opposed this, for which reason Nord Stream 2 has proceeded and is now nearing completion. And yet, Europe is facing a gas crunch this winter and is eager to see Nord Stream 2 go live.

Earlier this year, when Gazprom fulfilled its gas deliveries to Europe
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