Germany shut down the Nord Stream 1 Pipeline today for a pre-scheduled 10-day maintenance period. Whether or not Russian natural gas will resume westward flows to Germany after repairs are made is anybody’s guess.
The 55 bcm/yr pipeline is a key component of the energy détente forged between Germany–the economic and manufacturing heart of Europe–and post-Cold War Russia. It has also inculcated a German dependency on Russian gas that has shaped German economic and security policy (and, by extension, Europe’s) since the project first entered the planning phase over 20 years ago.
For more information on the nature of Russian and German energy codependence, and the future of both, I would suggest the agriculture and manufacturing chapters of my newest book The End of the World is Just the Beginning as well as the Russia and Germany chapters of the last one, Disunited Nations.
The buttons below will direct you to our purchase pages where you can both find out a bit more about each book, as well as select purchase options ranging from e-services to your local bookstore.
Having difficulty keeping up with the chaotic and quickly-changing landscape of Russia sanctions and commodities markets or inflation?
We have been offering a series of in-depth presentations on various industries.
So far, we’ve tackled the challenges facing energy, agriculture, industrial materials and inflation. You can purchase access to the recordings of both of these webinars via the buttons below: