Completion of Nord Stream 2 to Cut Europe Gas Prices by 25%, Consulting Company Says

Completion of Nord Stream 2 to Cut Europe Gas Prices by 25%, Consulting Company Says

European prices for natural gas would drop by about one quarter if the Nord Stream 2 pipeline connecting Russia to Germany were completed, the consulting firm Wood Mackenzie said in a report on Friday. “If Nord Stream 2 remains unfinished, European benchmark TTF gas is expected to average about $4 per million British Thermal Units next year. But if the project can be completed as its backers hope early in 2021, then the average TTF price that year could drop to about $3, we estimate”, the report said.

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