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Nord Stream II would serve to strengthen Gazprom’s already dominant position in the European gas market (Photo: Nord Stream)

Crude World

Is Nord Stream II dead?

On 12 August, the five Western firms which had planned to build the Nord Stream II gas pipeline from Russia to Germany pulled out of a joint venture with Russia’s Gazprom putting the project in doubt.

The shock decision came after the Polish Office of Competition and Consumer Protection (UOKiK) raised concerns over the initiative.

Gazprom was quick to say that construction would go ahead, while its European partners considered alternative legal models to participate.

But...

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Disclaimer

The views expressed in this opinion piece are the author’s, not those of EUobserver
Nord Stream II would serve to strengthen Gazprom’s already dominant position in the European gas market (Photo: Nord Stream)

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