I think it‘s safe to assume that Nord Stream 2 will be on halt for the the foreseeable future.
It’s clear that any Russian aggression towards Ukraine would result into Nord Stream 2 being placed on permanent halt.
Anyone own Gazprom stock?
OGZPY
Tempting to buy. Especially if it is further delayed.
When it comes to Nord Stream 2, a few months or even up to 2024 doesn’t make a big difference for Gazprom from a commercial perspective. Gazprom already has a contract with Ukraine under the take or pay model so regardless it still has to pay Ukraine for transit fees on a guaranteed volume. That with Nord Stream 1, Blue Stream and Turk Stream more than covers all of Europe’s gas needs.
There’s no demand for the pipeline. The building permissions are based on an increased natural gas demand in Germany, but it’s stagnating for years.
And I don’t think the gas demand will rise.
Especially with the new hydrogen gas strategy in Germany. The demand will stagnate for a few more years and than fall rapidly.
Fck north stream 2, I‘d rather freeze in Winter than using Dictator‘s gas
5 comments
I think it‘s safe to assume that Nord Stream 2 will be on halt for the the foreseeable future.
It’s clear that any Russian aggression towards Ukraine would result into Nord Stream 2 being placed on permanent halt.
Anyone own Gazprom stock?
OGZPY
Tempting to buy. Especially if it is further delayed.
When it comes to Nord Stream 2, a few months or even up to 2024 doesn’t make a big difference for Gazprom from a commercial perspective. Gazprom already has a contract with Ukraine under the take or pay model so regardless it still has to pay Ukraine for transit fees on a guaranteed volume. That with Nord Stream 1, Blue Stream and Turk Stream more than covers all of Europe’s gas needs.
There’s no demand for the pipeline. The building permissions are based on an increased natural gas demand in Germany, but it’s stagnating for years.
And I don’t think the gas demand will rise.
Especially with the new hydrogen gas strategy in Germany. The demand will stagnate for a few more years and than fall rapidly.
Fck north stream 2, I‘d rather freeze in Winter than using Dictator‘s gas