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
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
