Russia – the largest gas producer – is increasing its influence in Europe and Asia by building pipelines that link its territory to these regions and enable it to provide this valuable resource.
In particular, it is the Nord Stream 2, Siberian Force and the Turkish Stream, writes Bloomberg.
The agency points out that Russia has supplied gas to Europe since the end of World War II. Last year, the country suppressed a third of European fuel demand. Experts also predict that by 2025 Moscow will supply 40% of the total volume of gas to the continent. This could be facilitated by increased demand for gas from China and its Asian neighbors, as well as reduced production at the Groningen Dutch gas field.
It should be noted that the closure of the last nuclear reactor and a number of thermoelectric plants in Germany in 2022 will also lead to an increase in demand.
Bloomberg claimss that Russian gas projects also have enemies, in particular US President Donald Trump, who called Germany a “hostage to Moscow” and signed a law that imposes sanctions on companies that cooperate with Nord Stream 2. In addition to the United States, until 2022 Poland plans to stop buying Russian gas and replace it with the Norwegian.
At the same time, the German authorities stress that for decades Moscow remained a reliable supplier – neither the Cold War nor the escalation of tensions in relations due to the situation in Ukraine prevented this. Entrepreneurs in Germany also point out that the growing influence of the Russian company Gazprom (energy giant) does not cause them any concern.
3 Russian pipelines
In 2014, Gazprom signed a 30-year agreement with China’s National Petroleum Corporation and agreed to supply 38 billion cubic meters of Russian gas per year through the Siberia Force pipeline.
The pipeline will also transport gas from the Irkutsk and Yakutia production centers to consumers in Russia’s eastern tip.
Another important gas pipeline is Nord Stream 2, which represents a joint venture between Russian gas giant Gazprom and five European companies. The aim of the project is to provide 55 billion cubic meters of Russian natural gas annually directly to the European Union via the Baltic Sea.
When talking about the Turkish Current project, it is worth noting that it was announced at the end of 2014 by Russian President Vladimir Putin during an official visit to Turkey. In November 2015, the project was suspended after a Russian Su-24 aircraft was overthrown by a Turkish fighter in Syria. Relations between Moscow and Ankara were resumed in June last year, following Turkey’s apology to Russia.
In October 2016, Moscow and Ankara signed an intergovernmental agreement on the construction of two submarine pipeline lines across the Black Sea. It is estimated that the annual capacity of each line will reach 15.75 billion cubic meters of natural gas.