Russia’s Nord Stream 2 pipeline will significantly cut gas prices in Europe, energy consultancy says

European consumers

European consumers will benefit from lower gas prices if the underwater pipeline from Russia to Germany, the Nord Stream 2, is completed, energy consultancy Wood Mackenzie said as the US is up in arms trying to stop the project.

Analysts expect the price for the blue fuel in Europe to drop by up to 25 percent after Russia starts pumping natural gas via the 1,200km route stretching across the Baltic Sea to Germany.

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