Many consider Gazprom to be a geopolitical tool with which the Kremlin attempts to expand its influence in Europe and strengthen its grip on the continent’s energy security. As a result, the Nord Stream II pipeline and the prospect of a Europe increasingly dependent on Russian natural gas are of great import for American and European policymakers steering their nations’ approach to Moscow. At a pivotal moment in the pipeline’s development, the Atlantic Council hosts a conference bringing together American and European energy experts and government officials to discuss how the United States and the EU should approach Gazprom’s relationship with the Kremlin and to offer their thoughts on the ongoing debate surrounding the Nord Stream II pipeline and its potential impact on American and European interests.
The Atlantic Council’s Eurasia Center hosts two panels regarding Gazprom’s political utility for the Kremlin and the challenges that the Nord Stream II pipeline presents to European energy security.
The Impact of European Gas Dependence
Nord Stream 2
Natural gas plays an important role in Europe: It is a bridging technology for the transition of the electricity system and has significant potential. But Europe is strongly dependent on natural gas imports and Russian gas dominates Europe. The under construction Nord Stream 2 pipeline, despite its promises, poses significant risks to European energy security and independence.
Wed, Jul 15, 2020
Russia has recently secured approval from Denmark to complete the Nord Stream 2 pipeline, but new US sanctions reflect America’s resolve to make sure the strategically important project remains unfinished.
Wed, Jul 15, 2020
While nominally targeting Nord Stream II, Pompeo’s sanctions announcement may pit the United States against its NATO ally Germany in a stand-off over the long-disputed project.
New Atlanticist by
Fri, Jun 5, 2020
As Russia’s economic future is clouded by negative demographic trends, new energy technologies and efficiencies, volatile commodity prices, and the likelihood of continued Western sanctions, Gazprom and Rosneft, Russia’s two natural resource champions face a comeuppance: international competition, global and regional market access, capital investment, and revenue/cost efficiency.
The Eurasia Center’s mission is to enhance transatlantic cooperation in promoting stability, democratic values and prosperity in Eurasia, from Eastern Europe and Turkey in the West to the Caucasus, Russia and Central Asia in the East.