The proposed Nord Stream 2 (NS2) line from Russia to Europe could boost liquidity and increase competition in European markets, but only if new cross-border capacity continues to be built across the continent, according to a report by Andreas Goldthau, fellow at King’s College London's Russia Institute.
The report funded by European majors Shell, OMV, Wintershall, Uniper and Engie – each 10% project stakeholders – said that the controversial line also faces substantial challenges from factions within Europe and Russia.
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