Abstract
Significance Nonetheless, the Nord Stream 2 pipeline between Russia and Germany through the Baltic Sea is facing an uncertain future. If completed, the project would double the capacity of the existing Nord Stream pipeline and increase Russia’s influence on the European energy market. Impacts The withdrawal of European companies from the project could make it more difficult for Gazprom to secure financing. Gazprom’s debt burden will increase, but it may also be able to improve its long-term strategic position. The project would call into question the future of the EU’s ‘energy union’ and the Commission’s role in regulating European energy policy. The incoming administration of US President Donald Trump will develop its own energy policies in Europe.
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