Paying the piper

The Nord Stream pipeline, planned to come online in 2011, will be vital to help Europe meet its future gas demands. However, financing any infrastructure project in the current climate is difficult. Roderick Bruce looks at the challenges facing Nord Stream

EU-27 gas import demand is forecast to rise by 52% from 285 billion cubic metres (bcm) in 2005 to around 433bcm by 2020, according to the EU's Directorate General for Transport and Energy (DG Tren).

Some 43% of 2020 EU demand is expected to be supplied from Russia, according to Gazprom, with the cross-Baltic Nord Stream pipeline playing a vital role. In fact, Nord Stream, combined with the trans-Turkey Nabucco pipeline, is expected to make up 60% of the rise in European demand to 2020.


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