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  • Two New Studies Highlight Economic Benefits of Nord Stream 2
    édité le 23/10/2017 - Plus de news de "Nord Stream 2" - Voir la fiche entreprise de "Nord Stream 2"


Two New Studies Highlight Economic Benefits of Nord Stream 2
Two recently published studies have highlighted how the Nord Stream 2 Pipeline will make a positive economic impact in Europe.

A labour market and economic impact study by management consultancy Arthur D. Little has shown that the total economic benefit created by the EU pipeline will be over €5.15 billion. What’s more, as of the end of July 2017, investments in Nord Stream 2 have already created 31,000 full-time-equivalent jobs, adding €2.25 billion in GDP. Published on October 4, 2017, “Economic Impact on Europe of the Nord Stream 2 Project” outlines the direct, indirect and induced effects of the major infrastructure project to build a 1,200-kilometre pipeline system to deliver Russian gas to the European market. These jobs were mainly in Russia, Germany, Finland and Sweden, where most of Nord Stream 2‘s construction activities are. Other countries include the Netherlands, the United Kingdom, Norway and Italy, which are home to offshore oil and gas industry contractors, in addition to international contractors.

A separate market modelling study, published by non-profit research institute ewi Energy Research & Scenarios on September 20, 2017, has concluded that the new pipeline would decrease gas prices in the EU. According to “Impacts of Nord Stream 2 on the EU Natural Gas Market,” by bringing additional gas to Europe, Nord Stream 2 would enhance competition and reduce the need to import liquid natural gas, or LNG. This would subsequently lower LNG prices, resulting in decreased gas prices across the EU, the study found. European consumers could save €8 billion every year if the pipeline is operational in 2020, and no European state would be left out of the pipeline’s benefits, which would mean up to 13 per cent lower gas prices, the study found.

About Nord Stream 2

Nord Stream 2 is a planned pipeline through the Baltic Sea, which will transport natural gas over 1,200 km from the world’s largest gas reserves in Russia via the most efficient route to consumers in Europe. Nord Stream 2 will largely follow the route and design of the successful Nord Stream Pipeline. With Europe’s domestic gas production projected to halve in the next 20 years, Nord Stream 2’s twin pipeline system will help Europe to meet its future gas import needs. It has the capacity to transport 55 billion cubic metres of gas per year, enough to supply 26 million European households.

This secure supply of natural gas, with its low CO2 emissions, will also contribute to Europe’s objective to have a more climate-friendly energy mix with gas substituting for coal in power generation and providing back-up for intermittent renewable sources of energy such as wind and solar power.

Nord Stream 2 builds on the successful experience of construction and operation of the Nord Stream gas pipeline (2012 – to present). Already during construction, Nord Stream was recognised as a benchmark project in terms of compliance with stringent industrial and environmental safety requirements as well as stakeholder engagement. This gas pipeline has become a symbol of mutually beneficial international cooperation and a key element of the European energy security. The results of annual monitoring show that the environmental impact caused by the construction and operation of Nord Stream was minor, local and short term only and, in some cases, considerably lower than predicted by the original environmental impact assessments.

The Nord Stream 2 project was initiated by PJSC Gazprom and is supported by a number of leading international energy companies Uniper SE and BASF SE/Wintershall Holding GmbH (Germany),
Royal Dutch Shell plc (the UK and the Netherlands), OMV AG (Austria) and Engie S.A. (France).


Origine : Communiqué Nord Stream 2

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