A controversial natural gas pipeline directly from Russia is set to boost trading in Germany, potentially helping Europe’s biggest gas user to narrow the gap with regional rivals.
The Nord Stream 2 link under the Baltic Sea would increase the amount of fuel Russia is able to send to Europe and allow it to cut shipments via transit nations including Ukraine. Some of the gas will be sold directly on hubs, leading traders to include German markets as part of their price management strategies.
The 1,220 kilometer (758-mile) Nord Stream 2 undersea link to Germany initiated by Russia in 2015.
That would be a boost to the nation’s Gaspool and NetConnect Germany market areas, which ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.