Gazprom's redundant gas export capacity plans in Europe’s stagnating market

Russia is planning a raft of new pipelines (photo:dpa)
Russia is planning a raft of new pipelines (photo:dpa)

This is part eight in our series on the ramifications of the choice of the Trans-Adriatic Pipeline (TAP) by the Shah Deniz Consortium over its rival Nabucco-West. It looks at the strategic implications for the EU’s Southern Gas Corridor and European gas supply security and analyses Russia’s redundant export capacity plans - Yamal-2, Nord Stream 3-4 and a Baltic Sea LNG terminal - and their dubious commercial sense.

<i>Russia’s South Stream pipeline project with a planned capacity of 63 bcm is the far most expensive pipeline in Europe. Gazprom and the Kremlin have also announced further new Russian pipeline plans - Yamal-2, Nord Stream 3-4 - and a LNG project on the Baltic Sea a...

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