NEWSWATCH: “Misplaced Fears Over Nord Stream 2; Nord Stream 2 provides another reliable route for transporting gas to Europe, nothing more, nothing less.” – The National Interest/Klaus Schäfer, Mario Mehren, Rainer Seele

Gas Flame file photo

“… The European gas market has … modernized and liberalized over the last decade. …. The Third Energy Package put in place a well-developed, intra-European framework of hubs that allows gas to flow freely in multiple directions from a variety of points of origin. … allow[ing] European consumers to buy gas from whomever they wish … [it] simply does not allow any supplier to block access ….. * * * Unlike the United States, Europe does not have vast reserves of natural gas …. European production (primarily in the North Sea via Norway and the Netherlands) is an important source … [but] that production is … deplet[ing]. … demand is steadily rising … with experts forecasting that Europe will need an additional 120 billion cubic meters (bcm) of imported gas by 2035. … * * * A low-emission European economy needs gas to replace coal, saving 50 percent in CO2 emissions. Using the pipeline’s 55 bcm to replace coal would save 160 million tons of CO2 per year, equal to … combined emissions of Sweden, Finland and the Baltic States or … 30 million cars. The [Nord Stream 2] pipeline will … sav[e] up to 44.6 million tons of CO2 in comparison with LNG (equivalent to 600-700 tankers). … Nord Stream 2 provides another reliable route for transporting gas to Europe ….”

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