Nord Stream 2 will lead to a rise in gas prices for Eastern Europe

The expert pointed to the risks of Gazprom’s project to increase gas supplies to Europe bypassing Ukraine. Nord Stream 2 gas pipeline will create many problems for the Central and Eastern Europe countries. This is how Olena Pavlenko, the President of Dixi Group, commented on the resolution of the committee of the OSCE Parliamentary Assembly, which called the Nord Stream 2 and TurkStream gas pipelines potential levers of political and economic pressure. Pavlenko said that by supplying about 60% of gas to Germany, Russia would have additional political levers of influence on this country, which plays an important role in shaping the policy, including security policy, of the European Union. “Russia’s experience of using gas for geopolitical purposes is well known in Ukraine,” Pavlenko said. She also forecasts a rise in gas prices for a number of countries, including Ukraine, due to the route change. Nord Stream 2 will not create any additional sources of supply. It will just reorient the same Russian gas, and block other possible options for diversification,” the expert noted.

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