The Nord Stream 2 pipeline is expected to have the greatest impact on the share of gas supply from Norway and Russia. By 2025, Norway is expected to lose some four percent of the EU gas supply market share to Russia, following the addition of Nord Stream 2 to the gas pipeline network.
Nord Stream 2 is an offshore natural gas pipeline roughly 1,230 kilometers long, which connects Ust-Luga in Russia to Lubmin, Germany. The first agreement to construct Nord Stream 2 was signed in 2015 between major energy companies. However, the construction has been hampered, due to various political and economical disputes. Nonetheless, as of July 2021, the U.S. and Germany's representatives agreed on the completion of Nord Stream 2.
Projected impact of Nord Stream 2 on gas supply in the European Union in 2025, by scenario*
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With Nord Stream 2
Without Nord Stream 2
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* The modelling based supply and demand on EUCO 3232.5 scenario. Furthermore, it does not include the transit deal stipulating Russian ship-or pay transit volumes via Ukraine of 65 billion cubic meter per year for 2020 and 40 billion cubic meter for the years 2021 to 2024.
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European Commission. (May 27, 2020). Projected impact of Nord Stream 2 on gas supply in the European Union in 2025, by scenario* [Graph]. In Statista. Retrieved September 14, 2024, from https://www.statista.com/statistics/1251878/gas-supply-structure-nordstream2-scenarios/
European Commission. "Projected impact of Nord Stream 2 on gas supply in the European Union in 2025, by scenario*." Chart. May 27, 2020. Statista. Accessed September 14, 2024. https://www.statista.com/statistics/1251878/gas-supply-structure-nordstream2-scenarios/
European Commission. (2020). Projected impact of Nord Stream 2 on gas supply in the European Union in 2025, by scenario*. Statista. Statista Inc.. Accessed: September 14, 2024. https://www.statista.com/statistics/1251878/gas-supply-structure-nordstream2-scenarios/
European Commission. "Projected Impact of Nord Stream 2 on Gas Supply in The European Union in 2025, by Scenario*." Statista, Statista Inc., 27 May 2020, https://www.statista.com/statistics/1251878/gas-supply-structure-nordstream2-scenarios/
European Commission, Projected impact of Nord Stream 2 on gas supply in the European Union in 2025, by scenario* Statista, https://www.statista.com/statistics/1251878/gas-supply-structure-nordstream2-scenarios/ (last visited September 14, 2024)
Projected impact of Nord Stream 2 on gas supply in the European Union in 2025, by scenario* [Graph], European Commission, May 27, 2020. [Online]. Available: https://www.statista.com/statistics/1251878/gas-supply-structure-nordstream2-scenarios/
