31 August 2016

Böll-Stiftung: Nord Stream II: Shaking Hands with the Devil

Doubled to 110 bcm, Nord Stream would be able to handle all of Russia’s gas exports to Western Europe. But what would the consequences of such a development be? Within a very short time, both the Brotherhood and Yamal pipelines would go out of business, and without continual maintenance and investment they would soon fall into disrepair. Stripped of important revenue sources, Poland, Slovakia, Belarus, Ukraine and their 100 million people would become economically weaker and more vulnerable to separate “deals” with Moscow.

The big winner would indeed be the Kremlin, securing more European money flowing to Moscow for a longer period of time. Western investment into Nord Stream II would commit Europe to Russian natural gas for longer, while intensified lobbying by the Western gas companies involved in the deal could discourage more aggressive energy conservation, encourage waste, and delay the transition to renewables.

The aim of corporate and Russian propaganda is for the German public to believe that the “only” losers in a Nord Stream II deal would be Germany’s eastern neighbours. They would certainly be losers: an important Kremlin objective is, without a doubt, to increase pressure the EU’s eastern flank and on Ukraine in particular. An economically weaker eastern EU periphery and an economically and socially more polarised EU are exactly what the Kremlin is hoping for in its quest to destroy the European Union and re-establish the good old world order of the first half of the 20th century. Nord Stream II would make anti-EU propaganda and subversion much easier in an economically, socially and politically more polarised continent. A poorer Ukraine would be even more vulnerable to Russian occupation and military aggression, and Putin’s hold on Belarus would become even firmer.

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