According to Dmitry Marunich, director of the Kiev-based Institute for Energy Studies, commissioning of the Nord Stream 2 gas pipeline would be a great boon to European customers and Germans in particular. NetConnect Germany GmbH & Co. will become the major Europe's gas hub that is expected to be of great importance for the development of the EU economy after Brexit because the National Balancing Point (NBP), which is currently by far the largest of Europe's gas hubs, is based in Britain.
European countries consumed 192.2 billion cubic meters (bcm) of Russian natural gas last year, Germany alone using 88.5 bcm. Reportedly, 93.5 bcm of the Russian gas were supplied to European customers via the Ukraine's gas transmission system.
Nord Stream 2 would double the existing Nord Stream pipeline’s current annual capacity of 55 bcm. Therefore, Ukraine will lose 55 bcm of transit to the European Union. According to experts' estimates, Kiev stands to lose transit revenue in the amount of more than $1.5 billion per year.
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