Impact of Nord Stream 2 on the EU natural gas market

Reports and presentations on the European Gas Market
European Gas Hub Analysis
Published 09/26/2017 by EWI

This study focuses on the impacts of the offshore pipeline Nord Stream 2 on European Union (EU) natural gas markets (gas flows and gas prices).


Since the impact of Nord Stream 2 crucially depends on the competition between Russian gas and global LNG markets, a combination of the global gas market model COLUMBUS and the European gas infrastructure model TIGER is applied in the analysis.


The study finds a price decreasing effect of Nord Stream 2 in the EU-28 overall as well as in each member state individually due to reduced LNG imports if Nord Stream 2 is available compared to a case in which it is not available.

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