Authors
Balázs R Sziklai, Laszlo A Koczy, Dávid Csercsik
Publication date
2019/3/27
Journal
Sziklai, BR, Kóczy, L., & Csercsik, D.(2020). The impact of Nord Stream
Volume
2
Description
We investigate the geopolitical impact and the possible consequences of the construction of the Nord Stream 2 pipeline. We model the European gas network as a cooperative game between regions as players over the pipeline network, where LNG is also treated as a separate player. We focus on the change of influence of the players in three different scenarios. We investigate how the power of the agents shift when the Nord Stream pipeline is expanded, when the Ukrainian pipeline is shut down and finally when both of these happen. Our calculations show that when Nord Stream 2 is operational, Russia and Western Europe improve their position compared to the base scenario, while other suppliers, notably Norway, together with Central-Eastern-and Southern Europe suffer losses, especially when the Ukrainian route is dismissed. The results highlight that both the supporters and adversaries of Nord Stream 2 are governed by self-interest and solidarity and trust, the values proclaimed by the EU and the Energy Union, remain but a slogan.
Total citations
20192020202120223174
Scholar articles
BR Sziklai, LA Koczy, D Csercsik - Sziklai, BR, Kóczy, L., & Csercsik, D.(2020). The impact …, 2019