出版社：Research Centre for East European Studies and the Center for Security Studies
摘要：The Nord Stream pipeline, which is going to reach full capacity this year, is a crucial tool for Russia’s longterm influence in the EU gas market. In times of high uncertainty over future gas demand and market structure, it has the dual goal of cementing market share at oil-indexed (or in other words, high) prices, and strengthening Russia’s market and political power vis-á-vis Ukraine by creating overcapacities for gas transport to the EU. Although not the most efficient transport route to the EU market, the pipeline may realise modest gains in transport efficiency in comparison with the Ukrainian corridor as production moves to the Yamal peninsula. Nord Stream is thus hugely advantageous for Russia, while it is not of particular value from an EU perspective. Meanwhile, the proposed South Stream pipeline is less efficient in terms of transport economics. Russia’s strategy to construct new costly undersea pipelines is eroding Gazprom’s reliability and competitiveness: Investment resources are being diverted towards long-term potential benefits of market monopolisation, while investments of immediate necessity in storage and production are being postponed.
