Construction of Gazprom pipeline from Russia to Germany is a kick off for the Baltic Sea Region
We expect more pipelines in the Baltic Sea to be built after successful implementation of Nord Stream AG pipeline
In our opinion the Nord Stream AG pipeline from Vyborg (Russia) to Greifswald (Germany) is only a kick off for further below surface pipelines in the near future. The pipeline is supposed to be ready to use by the end of 2012. Other countries could follow this lead and build other below surface pipelines in the Baltic sea region in order to not only transport gas and oil but also other raw material.
The future below surface transports will result into less above surface sea transport which will decrease the pollution of the Baltic Sea region with crude oil by the vessels. Furthermore regions which can hardly be reached through over land transports could be connected to the pipelines and thus provided a new service. In addition to this the countries will be less regulated by the former transit countries which might shut down the pipeline in times of crisis or political disputes.
Due to the usage of new pipelines the dependency and regulation by Russia will decrease by far. So far Russia has a monopole for supplying gas to the European countries. In addition to that another pipeline called the South Stream is built from Turkey to Austria. This might have major impacts on the Russian economy since gas is a major share.
Opportunity: better environmental protection and better and faster transportation of the raw materials
Threat: less vessels (which transport goods) in the Baltic Sea Region