Nord Stream 2. Strictly business or wider threat?
Ukraine’s gas transmission system is one of the most extensive networks of gas pipelines in the world. The role of the Ukrainian system, in the functioning of the pan-European gas transit infrastructure, is extremely important in the strategic economic and energy security contexts of life in Europe.
When we talk about Nord Stream and Nord Stream 2, we cannot consider these large-scale projects in economic terms alone. What is more, from the point of view of financial and technical indicators, they are not justified. The capacity of the Ukrainian gas transmission system (GTS) at the entrance is 281 billion cubic meters per year with an output of 146 billion m3 per year. Almost 50 per cent of natural gas from Russia to European countries until 2019 was transported via the Ukrainian GTS. Today, unfortunately, the situation is not the same.
When we talk about Nord Stream and Nord Stream 2, we cannot consider these large-scale projects in economic terms alone. What is more, from the point of view of financial and technical indicators, they are not justified. The capacity of the Ukrainian gas transmission system (GTS) at the entrance is 281 billion cubic meters per year with an output of 146 billion m3 per year. Almost 50 per cent of natural gas from Russia to European countries until 2019 was transported via the Ukrainian GTS. Today, unfortunately, the situation is not the same.
June 23, 2021 - Mykola Voytiv
