Blog

Nord Stream 2 with Dr. Maria Shagina

Blog

Nord Stream 2 with Dr. Maria Shagina

Happy Tuesday, folks! We published our latest podcast on the Nord Stream 2 pipeline with Dr. Maria Shagina, an expert on Eastern European energy matters and currently a fellow at the Center for Eastern European Studies at the University of Zurich.

Some of you may be asking yourself – what is Nord Stream 2? We’re glad you asked!

Nord Stream 2 is a new pipeline Russia is building that will allow it to circumvent Ukraine in providing natural gas to the European market. Eastern European states like Poland are wary of the pipeline increasing Russia’s geopolitical clout. Western European states like Germany and France just want cheaper gas. The U.S. is against the pipeline but doesn’t want to damage its alliances in Europe to block it. Ukraine (rightly) sees the pipeline as yet another threat to its national security.

Like so many issues these days, this particular geopolitical development has been so completely politicized that it is hard to understand what is at stake, what is happening on the ground, and what it means for the future. That’s why Jacob invited Maria on the show – she’s an expert in these questions and is able to put superficial politics to the side and offer genuine insight into all these questions, and what they mean for U.S.-Russia relations and U.S.-Germany relations. 

One of the most interesting bits of the conversation is the way in which Germany and the U.S. are hoping to use Nord Stream 2 to fund a clean energy transition for Ukraine – and the way Russia hopes to do the same thing itself, using its natural gas infrastructure eventually to become as important a supplier of hydrogen to the European market as it is for natural gas today.

You can listen to the whole episode by clicking here, or if you prefer just to read the podcast, click here. As always, thanks for being a listener of the podcast and a reader of these emails. If you are getting value from them, please feel free to forward them to friends or colleagues. A referral is the nicest compliment you can give us.

In the meantime, stay safe out there – the Delta variant is no joke. We’ll see you on Friday with the week in review. As always, you can reply to this email or write to us at info@perchperspectives.com if you want to talk about geopolitics before then.