North European Gas Pipeline (Nord Stream) Foreign Policy Implications of the German-Russian Project.

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Presentation transcript:

North European Gas Pipeline (Nord Stream) Foreign Policy Implications of the German-Russian Project

The proposed pipeline would bypass several EU member states and has prompted political controversy

Justification for the Project Increasing demand for natural gas Fears of supply disruptions with land pipelines Specific advantages for German energy firms

Pipeline Consortium 51%24.5 % German owned companies

Core Concerns Polish and Baltic state opposition Dependence on Russian gas supply (recent Ukraine and Georgia shutdowns) Environmental concerns / Relations with Nordic states

Implications for Germany Direct supply of future natural gas amid rising demand Creates jobs within Germany German-Russian relations would falter should project be cancelled

Recommendations Continue construction and support of proposed pipeline Promote Liquid Natural Gas as alternative Pursue other supply sources (Northern Africa, Central Asia) Sign specific deals with countries opposed