If the operation of Nord Stream-2 begins: the struggle for the European gas market


The United States is threatening yet another sanction against Nord Stream 2. The Russian gas pipeline is haunting the American leadership: Washington believes that it can seriously hinder the export of LNG to Europe, as well as minimize gas transit through Ukraine.


The fight for the European gas market


Of course, Ukrainian interests have never been a priority for the Americans, so the main reason for the confrontation with Nord Stream-2 is concern over the fate of the supply of liquefied natural gas to EU countries. Washington embarked on its favorite blackmail policy: the US side threatened severe sanctions to anyone who would help Russia build and launch SP-2.

Fear of US sanctions forced AllSeas, a Swiss-Dutch company, to retire, refusing to participate in the completion of Nord Stream-2. You can understand the company - the United States is capable of inflicting tremendous financial and reputation damage through its sanctions.

Now Gazprom will have to finish building the gas pipeline on its own and continue the struggle for the European gas market. But since the Russian natural monopolist has such technical capabilities, there is no doubt that SP-2 will start working sooner or later. In this case, trivial competition will put things right: the more expensive American LNG is not a competitor to cheap Russian gas, so there is no doubt that the European consumer will make its choice.

By the way, the pandemic also made adjustments to the "gas distribution" in Europe. In conditions of forced self-isolation and shutdown of many enterprises, gas consumption and, consequently, demand for it decreased. In this situation, Gazprom turned out to be the beneficiary, since Russian gas is much cheaper than American LNG. If the SP-2 is launched, this will be another plus in the treasury of the Russian gas giant. American companies simply cannot afford to lower LNG prices because of its high cost and shipping costs to Europe.

Since Washington is well aware of the implications of building SP-2 for LNG exports to Europe, the American leadership is pushing the European Union to force Gazprom to comply with the European Gas Directive. If Gazprom does everything as dictated by this document, then the cost of Russian gas will increase. Thus, the obvious difference between buying Russian gas or American liquefied gas will be reduced, which is what the United States is seeking.

In the fight against Nord Stream-2, the American side also actively involved its satellites - Poland and Ukraine. The first demonstrates a desire to completely abandon Russian gas, which is dictated more by political considerations than by economic realities. Therefore, the Polish side is so tough on Gazprom.


With Ukraine, everything is different: although Kiev expressed concern about the future of gas transit, Vladimir Putin and other Russian dignitaries have repeatedly stated that they are not against continuing the transit of Russian gas through Ukrainian territory, albeit to a lesser extent than before. The United States, thanks to the sanctions imposed, created such a situation that the agreement with Ukraine should be regularly renewed. However, it is unlikely that even without pressure from the US and the EU, Russia would have finally refused gas transit through Ukraine, at least partially, even if Nord Stream-2 began operation. That is, transit to Europe through Ukraine in any case would remain. Another question is how much ...

The goal is to neutralize the European economy?


The desire to enrich themselves through the sale of LNG to Europe is the tactical goal of the United States, and there is also a strategic goal - to artificially slow down the development of the European economy due to high gas prices. After all, LNG is on average 30% more expensive than Russian gas ("pipe").

If the American side managed to “hook” the European Union on American LNG, then the economies of Germany, France and a number of other European countries, forced to bear large expenses, would develop at a slower pace and would not pose a serious threat to the economic domination of the United States. Incidentally, Russian President Vladimir Putin spoke about this in one of his speeches.

Along with political leverage and economic pressure, the United States is using another trump card in the fight against Russian SP-2 - the so-called The “environmental movement”, which, under the guise of fighting environmental pollution, is actually trying to weaken the economic potential of European countries. Note that it is in the European Union, and not in the United States, that the positions of the “green” are most strong. In the USA, they are not allowed to determine the country's economic policy, but they are doing everything possible so that in Germany the environmental movement remains one of the most influential political forces.

You can be sure: the struggle for gas for Europe is just beginning. It is difficult to predict what the future conflict of interests of the USA and Russia around Nord Stream-2 will lead to. However, some American experts are now advising the White House to shift the focus of attention to the east, since the Asian energy market is more promising than the European one, and in this regard, another Russian gas pipeline - the Power of Siberia - poses even greater danger to the US than SP-2 .
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  1. iouris 18 May 2020 14: 34 New
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    "If only if ..." or strategic planning in Gazprom.
    "And as one we die in the struggle for IT ..."
    1. Sling cutter 18 May 2020 14: 44 New
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      How much is possible about this SP-2, every day the same thing.
      Tell someone how much gas is pumped through SP-1 and at what prices.
      Who are the pipeline construction contractors?
      And there is one interesting question, why does Germany receive more gas from its reports than the official Gasprom reports?
      1. Oyo Sarkazmi 18 May 2020 15: 29 New
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        Quote: Stroporez
        And there is one interesting question why Germany receives more gas from its reports,

        Because Gazprom has only 33% of the European market. A lot, but not decisive.
        1. Oleg Zorin 18 May 2020 16: 00 New
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          Now, probably already less than 33%
      2. YOUR 19 May 2020 04: 43 New
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        This information is not even completely secret, special purpose, burn before reading. Still to bring such information to the people. Here the agreement with Rotenberg, the youngest on PLATO, is classified, and you want to receive data on gas and oil.
    2. antivirus 18 May 2020 17: 19 New
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      in any case, it gives money to Gazprom shareholders; and the contract with Outskirts will be torn apart after completion of SP2?
    3. Alex Nevs 19 May 2020 09: 08 New
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      Whoever hooks someone on the "needle" (gas. Dollar, oil industry ....) will be THEN dancing.
  2. New Year day 18 May 2020 14: 40 New
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    it wasn’t necessary to “partner”, but to develop the country, industry, now it’s becoming more and more difficult: they will press in full and on all fronts- “Vodka brands Stolichnaya and Moskovskaya, which belong to Russia through the federal treasury enterprise Soyuzplodoimport, are arrested in the Netherlands under jurisdiction benefit to former shareholders of the Yukos oil company. "
    The battle for hydrocarbons - an attribute of our time, very often ended in war.
    1. tanki-tanki 18 May 2020 14: 44 New
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      it was not necessary to “partner”, but to develop the country and industry

      The country must always be developed.
    2. Sling cutter 18 May 2020 15: 11 New
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      Quote: Silvestr
      it was not necessary to “partner”, but to develop the country, industry, now it’s more and more difficult: they will press in full and on all fronts

      Comrade, they did not have such a task to develop something, and there was nobody in this team. This is a team of utilizers, all that can be pumped out, sawed, sawn, sold, then the beneficiaries will be dumped, and the rest of the performers will be poured out like unnecessary slag.
      Please note that these gaspads I can’t even sell gas with oil normally, this is what is given by nature, and what can we say about some kind of production there.
      1. Oyo Sarkazmi 18 May 2020 15: 35 New
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        Quote: Stroporez
        Comrade, they did not have such a task to develop something, and there was nobody in this team.

        This did not stand until 2008, while the Russians did not physically wet it. And before that - “We don’t need to work, we will buy everything” (Chubais). And then Saakashvili showed - we will not do it - they will kill him. They started to do it, the year 2014 came - it turns out, they started to work - and the probabilistic partners dried up the washcloth.
        1. Sling cutter 18 May 2020 15: 57 New
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          Quote: Oyo Sarkazmi
          It didn’t stand until 2008 .... They started to do it, 2014 came - it turns out

          Yeah, they started, after the Olympic Games, to prepare for their own Olympic Games 2014, to hold the world's most expensive games in the country for the first time in the world, at the same time plebs to please the spectacle and meldonium to get drunk to the full, they say that he is sober after the Argentine cement.
          1. Oyo Sarkazmi 19 May 2020 19: 18 New
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            Quote: Stroporez
            at the same time plebs a sight to please

            But sho, you, as an aristo-Aryan, are pleased only with released guts and rivers of blood? And you from the basement of your crystal tower bullet from the bottom up to the labor plebos?
            1. Sling cutter 19 May 2020 23: 16 New
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              Quote: Oyo Sarkazmi

              But sho, you, as an aristo-Aryan, are pleased only with released guts and rivers of blood? And you from the basement of your crystal tower bullet from the bottom up to the labor plebos?

              I now exclusively did not like your answer ..
              And for your boorish performance .....
              1. Oyo Sarkazmi 19 May 2020 23: 22 New
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                Not boorish, but sarcastic. A creature despising everyone around it deserves only ridicule. For you are also the wrong majority, which you define as bydiplipl. Here, become at least the head of the Honduran police, then despise. Otherwise, choke on bread. Since then cattle.
    3. alone 18 May 2020 15: 49 New
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      Quote: Silvestr
      it was not necessary to “partner”, but to develop the country, industry, now it’s more and more complicated:

      Of course, it’s more complicated .. The market is packed to capacity and to win a place you need titanic efforts ...
      But building a pipe and driving oil and gas is a simple matter, you don’t need to strain, it does not require any titanic efforts .. But you can get 4,5 million rubles a day and not only ..
      With an incomplete pipe, it takes a very long time to wait for it to self-pay off ..
      1. Oleg Zorin 18 May 2020 16: 02 New
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        I'm afraid to think it may happen that never.
        1. alone 18 May 2020 16: 08 New
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          Quote: Oleg Zorin
          I'm afraid to think it may happen that never.

          There is such a risk .. and very big .. There are no guarantees ..
      2. Oyo Sarkazmi 19 May 2020 19: 14 New
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        Quote: lonely
        And to build a pipe and to drive oil and gas is a simple matter, there is no need to strain, it does not require any titanic efforts.

        And you go to Yamal. At least as a tourist. And you will see "no titanic efforts" at night at -50. And you yourself, instead of collecting dumplings, use heat, light that even flies do not bite, due to "no effort."
        There’s a kind of fable - A pig under an oak: we don’t need an oak, we would have acorns ...
        1. alone 19 May 2020 20: 08 New
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          Quote: Oyo Sarkazmi
          . And you yourself, instead of collecting dumplings, use heat, light, that even flies do not bite, due to "no effort."

          So what? How many more years will gas and oil be driven? 10 years, 20,30? Then what? Or the daughters will die, or the donkey? At least the money invested in other industries .. Trillions of dollars brought oil and gas, where are they?
          1. Oyo Sarkazmi 19 May 2020 23: 16 New
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            As soon as they stop driving gas, you (and the others too) will have to learn how to make stone axes and bone arrowheads.
            These trillions are just in your comfort. But oil and gas workers are not obliged to share cash with you. How do you not share your bread with the starving Haiti.
            1. alone 20 May 2020 19: 10 New
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              Quote: Oyo Sarkazmi
              As soon as they stop driving gas, you (and the others too) will have to learn how to make stone axes and bone arrowheads.
              These trillions are just in your comfort. But oil and gas workers are not obliged to share cash with you. How do you not share your bread with the starving Haiti.

              Not me, but you’ll have to make stone axes .. Open your eyes wide and look around ... Tiny Singapore didn’t need gas, not oil .. The country has turned into a powerful economic power in 30 years .. So much wood and wood, even imported furniture .. A raw materials appendage, that’s the whole Russian Economy .. it's a fact .. you won’t turn away from this
              1. Oyo Sarkazmi 20 May 2020 19: 42 New
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                Comrade, cross yourself !!! Energy Singapore - 100% fuel oil. OIL! Therefore, imported Tesla there are triple taxed: 1 km of electric vehicle mileage is equivalent to 120 grams of CO2instead of 45 for a diesel engine.
                Now Singapore has risen in price in everything, and it is not a world power, but a logistics hub and a banking center. Like Moscow. Only Moscow is a small town center, and Singapore is a world center.
                And the world economic crisis is fucking in Singapore, God forbid, unlike Russia’s self-sufficient (in energy, food, production).
                1. alone 20 May 2020 19: 44 New
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                  Quote: Oyo Sarkazmi
                  unlike self-sufficient (in energy, food, production) Russia.

                  Yes, self-sufficient ... Looking for someone .. For the same middle class for 17 thousand rubles ..
                  Look less Kissel da Rudolfich ... Maybe the eyes will open
                  1. Oyo Sarkazmi 20 May 2020 19: 48 New
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                    Military Stets? By the way, D. Kiselyov manages propaganda on TV in Ukraine. Just a note of what is ignored in the post templates in Ukraine.
  3. BIABIA 18 May 2020 14: 50 New
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    Chersky and Fortuna need to be protected, otherwise they will be drowned by an "accidental" torpedo / missile and all business. Or rammed with a rusty barge. Bandits after all. Fair competition? No, not heard ...
    1. Alex Nevs 19 May 2020 09: 10 New
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      There are very honest thieves, well, very honest.
    2. Roman123567 19 May 2020 09: 29 New
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      So they kind of said that the raven will not peck out the crow's eyes ??)
  4. Courier 18 May 2020 14: 52 New
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    "The Power of Siberia"

    Loss pipe, the price of gas is classified, even in its IFRS.
  5. serggb 18 May 2020 15: 20 New
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    The Anglo-Saxons always seeks to set Germany and Russia against each other so that they mutually weaken. Therefore, first of all, they interfere with mutually beneficial relations between Germany and Russia.
  6. Pvi1206 18 May 2020 15: 28 New
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    the main thing is to finish it ... when frosts strike, all European anti-Russian laws will stop working ...
  7. aglet 18 May 2020 15: 29 New
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    right now, in this tension, the role of the great managers and executives, Miller, Sechin, and others is very clearly visible. The whole man shouted - they can’t be paid a little, otherwise they’ll go abroad. and God forbid, the country will have less and less losses. only who needs them there, abroad, with a leadership level
  8. aglet 18 May 2020 15: 35 New
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    Quote: Silvestr
    arrested in Netherlands jurisdiction in favor of former shareholders

    what is the relation of the netherlands to our vodka? and what does yukos have to do with metropolitan? but they’ll condemn us because we don’t have specialists in international law, or rather, they are, but they are not at all experts, but whose relatives, that is, they cannot work, can only receive money. and we will soon drink drink No. 1 and drink No. 2, get ready
    1. Roman123567 19 May 2020 09: 32 New
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      We have specialists .. as a last resort they can always be hired in the same Netherlands .. This is not just the reason !!
      We are drunk, not because we cannot defend ourselves .. but because, as the comrade wrote above, this is not the task .. On a global scale !!
      It doesn’t matter to anyone that we will drink soon .. that’s the reason ..
  9. aglet 18 May 2020 15: 38 New
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    Quote: Courier
    Loss pipe, the price of gas is classified, even in its IFRS.

    why unprofitable, I’m very high, and the leaders in Gazprom will not be left without money. and they will raise losses from us, soon they will start raising tariffs
  10. Oleg Zorin 18 May 2020 15: 59 New
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    As for Ukraine, of course, a clear lie - the flows were built in order to exclude gas transit through its territory. And as for the rest - alas, these are the realities of life. For beautiful eyes, nobody will do anything to Russia in general, and Gazprom in particular. Everyone is pleased solely for their own benefit.
  11. Campanella 18 May 2020 16: 01 New
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    Not Nord Stream 2 poses a threat to peace, but the United States itself with its frenzy, arrogance and recklessness.
    However, ours are also reckless, if they were sane they would invest money from raw materials in the real economy, but a freebie spoils people forever, those who participated in the plunder of national property can build nothing, only rob.
    So all this fuss with the flows of Russia on any side will come out until the cohort of privatization lawyers-economists-power voyeurs changes.
  12. Vladimir61 18 May 2020 16: 06 New
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    For all these sanctions, it is high time to “spit loudly and loudly” towards the West, get the accordion and send a messenger, for a bottle of wine.
  13. Llur 18 May 2020 16: 21 New
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    But the Gazprom didn’t lose? https://www.finanz.ru/novosti/aktsii/germaniya-okonchatelno-otkazalas-ot-severnogo-potoka-2-1029155317
  14. Grading 18 May 2020 16: 54 New
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    Quote: Silvestr
    it wasn’t necessary to “partner”, but to develop the country, industry, now it’s becoming more and more difficult: they will press in full and on all fronts- “Vodka brands Stolichnaya and Moskovskaya, which belong to Russia through the federal treasury enterprise Soyuzplodoimport, are arrested in the Netherlands under jurisdiction benefit to former shareholders of the Yukos oil company. "
    The battle for hydrocarbons - an attribute of our time, very often ended in war.

    “The situation is catastrophic”: Gas prices in Europe fell below Gazprom's profitability point


    The European gas market continues to slide rapidly downhill, updating historic lows, amid an influx of LNG, crowded storage facilities and quarantine measures.
    At the EU’s largest gas hub, TTF in the Netherlands, the price of gas for next day delivery fell to $ 53,7 per thousand cubic meters. This is 20% less than at the end of April, and three times lower than the levels a year ago.
    Delivery contracts at the end of the week fell even lower - to $ 52 per thousand cubic meters. Slightly more expensive - 71 dollars per thousand cubic meters - gas costs at the Austrian hub Baumgarten, which is the largest distribution point of Russian supplies to Europe.
    For almost a month, spot gas prices in the European market have been below domestic prices in all regions except producing ones - these are the Yamalo-Nenets and Khanty-Mansi Autonomous Districts, the Komi Republic, and also the Tyumen and Kurgan Regions.
    Moreover, current quotes are noticeably lower than the profitability point of Gazprom, for which only taxes and transportation of every thousand cubic meters of fuel “eat up” at least $ 63, Interfax notes.
    So, about one thousand rubles per thousand cubic meters ($ 14) is MET, $ 27 is transport costs in Russia, at least $ 22 is transported to the EU by the cheapest route - Nord Stream-1.
    If we take into account the cost of production and export duties, then Gazprom needs a price close to $ 100 per thousand cubic meters.
    To reduce losses, Gazprom sells supplies with a long delay - for the summer, fall and 2021, experts at the Skolkovo Energy Center say. However, volumes have to be sacrificed: in January-April, deliveries to Europe fell by 20%.
    As a result, Gazprom’s niche is gradually occupied by LNG: since the beginning of the year, 39,5 billion cubic meters of liquefied gas have been delivered to the European GTS - 16% more than a year ago. At the same time, Norwegian gas supplies remained virtually unchanged - 38 billion cubic meters against 40 billion a year earlier.
    Gazprom failed to raise prices above the $ 100 threshold: in April, the average selling price on the electronic trading platform (ETP) amounted to $ 97 per thousand cubic meters.
    The situation on the gas market “continues to be catastrophic,” writes Promsvyazbank analysts. As of April 28, there were 66 billion cubic meters in the UGS facilities in Europe, which is 15 billion cubic meters, or 29%, higher than last year.
    “Against the backdrop of weak demand and full storage facilities, price recovery is not expected until next year,” the PSB warned.
    According to Gazprom’s own forecast, this year gas sales to Europe will fall by 17%, to 165 billion cubic meters, and the average price will collapse by a third, to $ 133. Thus, Gazprom may lose up to $ 20 billion in export revenue, Raiffeisenbank estimates.
    This will hit the budget of the company, which is loaded with multi-billion dollar megastructures and last year received a cash gap of 190 billion rubles. In 2020, Gazprom will have to borrow up to $ 10 billion to balance negative cash flow, Fitch predicts.
    1. Revolver 18 May 2020 19: 37 New
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      Quote: Grading
      Gas prices in Europe fall below Gazprom's profitability point

      It could be worse. For example, in America, oil prices went negative several times. In addition to jokes, negative prices, i.e. suppliers paid to customers for agreeing to pick up oil.
      1. Roman123567 19 May 2020 09: 36 New
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        But it happens even worse ..
        For example, in many countries there is no oil and gas at all .. And you not only have to sell it, but you also have to buy it for yourself .. Ashnik, as we remember, recently had to unfasten several hundred bucks per thousand cubic meters ..
        And after all, these countries lived ..
    2. Mikhail m 18 May 2020 19: 50 New
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      Quote: Grading
      current quotes are noticeably lower than Gazprom's profitability point

      Do other suppliers have a lower ROI? Can the facts be in the studio? Or are all gas suppliers working together at a loss? Or, as it is now fashionable to put it, with a negative profit?
    3. Vikxnumx 19 May 2020 09: 27 New
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      This will hit the budget of the company, which is loaded with multi-billion dollar megastructures and last year received a cash gap of 190 billion rubles. In 2020, Gazprom will have to borrow up to $ 10 billion to balance negative cash flow, Fitch predicts.

      Let shareholders pay less dividends!
      There is such a selection of shareholders !!!
  15. rocket757 18 May 2020 16: 56 New
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    Butting is not weak.
    Who will win? A boom to believe that GEYROPA will think about its interests.
    1. The comment was deleted.
  16. prior 18 May 2020 17: 01 New
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    I don’t understand the manic desire of Gazprom and Rosneft to quickly sell off the natural resources of the Motherland!
    Although, why I do not understand. The desire to enrich as quickly as possible and in spite of everything ...
    And the Homeland for them is where the money is hidden.
    It’s completely violet to me whether Russian gas will be in Europe or if it freezes nafig.
    1. New Year day 18 May 2020 17: 52 New
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      Quote: prior
      I don’t understand the manic desire of Gazprom and Rosneft to quickly sell off the natural resources of the Motherland!

      so fast and without too much stress ... was
      Quote: prior
      The desire to enrich as quickly as possible and in spite of everything ...

      and doing NOTHING !!!!
  17. Grading 18 May 2020 18: 06 New
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    Quote: Oleg Zorin
    Now, probably already less than 33%

  18. Ryaruav 18 May 2020 19: 00 New
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    we are crushed from all sides, brazenly, cynically, openly. and we give them titanium (as if we don’t need it), rd-180 engines (are they suitable only for American missiles?), well, the loss of jobs, but didn’t you try to think the macaques at the top? (oh yes, who if not him ), with each concession even seemingly justified, our country is enslaved more and more and more and the further the way out of the situation will be on the brink of war
    1. Roman123567 19 May 2020 09: 38 New
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      We are robbed from all sides, brazenly, cynically, in the open ..
      And we pay them a salary ..
  19. Andrei Nikolaevich 18 May 2020 19: 16 New
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    The interests of not only the United States and Ukraine intersected in this matter. Do not forget about the EU countries. Each country will pull a blanket over itself and “Euro-unity” is not a hindrance. If this time, Gazprom will react to the end of construction, as before, we will throw caps “we all will feel bad. Only smart managers will remain in the broth.”
  20. dgonni 18 May 2020 20: 00 New
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    The author probably thinks that the readers of VO have a short memory and they do not remember the statements of Miller and Novak, that not a cubic meter of gas from Russia will be pumped through the GTS of Ukraine from January 1, 2020. And the words of GDP about 1000 evergreen papers for 1000 cubic meters in the 20s of this century.
    For the cost of LNG, it’s 30% more than the pipe one just laughed. For with 3000 km the cost of transportation and the cost of these two types are equalized. At long distances, LNG is cheaper to transport!
    Does the author even know the current gas prices in Europe? An average of 60 killed raccoons. And this is from an overabundance and the presence of cng.
    So there is nothing to harbor. Sp-2 will be completed but will not pay off during our lives, and possibly during the lives of our children.
  21. NordUral 21 May 2020 11: 08 New
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    Gazprom is Pinocchio of our time.