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Goldman Says Russia Conflict Could Curb Gas Flows Indefinitely

  • Nord Stream 2 sanctions could curb flows, bring price spikes
  • European gas markets to remain tight until at least 2025
Nord Stream 2 undersea gas pipeline sections at Mukran Port in Sassnitz, Germany.

Nord Stream 2 undersea gas pipeline sections at Mukran Port in Sassnitz, Germany.

Photographer: Krisztian Bocsi/Bloomberg

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Russian natural gas flows to Europe could be curtailed for “an indefinite period” if the nation’s new pipeline project to Germany is hit by sanctions as a result of escalating tensions over Ukraine, according to Goldman Sachs Group Inc.