Vygon Consulting Head of Research on Europe Energy Crisis

The video discusses Europe's gas supply challenges, focusing on the Nord Stream 2 pipeline and its potential impact. It explores the dynamics between long-term contracts and spot market supplies, highlighting Gazprom's role. The geopolitical risks associated with relying on Russian gas are examined, alongside Europe's need to diversify energy sources. The global gas market's influence, including LNG and price mechanisms, is also considered.

What is the main topic of discussion regarding the Nord Stream 2 pipeline?

• Its length and route

• Its construction cost

• Its certification and launch

• Its environmental impact

According to the European Commission, what percentage of the Nord Stream 2 pipeline can be utilized?

• 40%

• 80%

• 100%

• 60%

What factor is mentioned as influencing Russia's ability to supply gas to Europe?

• The price of oil

• The severity of winter

• The availability of LNG

• The length of the pipeline

What is a potential risk for Europe in relying on Russian gas?

• Geopolitical leverage by Russia

• Decreased gas quality

• Limited gas storage capacity

• Increased gas prices

What should Europe reconsider according to the discussion on market dynamics?

• The number of gas suppliers

• The contracts and pricing mechanisms

• The length of gas pipelines

• The type of gas used