The Nord Stream pipeline directly links Russia and Germany and plays an important role in ensuring reliable supplies of Russian natural gas to meet the additional demand in Europe. This route will make it possible to bypass the not always predictable transit countries.
This project involves the construction of two lines (with a capacity of 27.5 billion cubic meters/year each) under the Baltic Sea from Portovaya Bay near the city of Vyborg to the German coast near Greifswald, stretching some 1200 km.
The Nord Stream AG (Switzerland) gas transmission company was established for planning, construction, ownership, financing and the operation of the gas pipeline.
At the end of 2010, equity share of the Nord Stream AG company was as follows: Gazprom (51%), E.ON Ruhrgas (15.5%), Wintershall (15.5%), Gasunie (9%) and GDF Suez (9%).
On 8 November, 2011 the first line of the Nord Stream gas pipeline became operational. After four years planning and 18 months of intensive constructions Russian gas began to flow into gas-transportation system of Europe.
On 25 August 2011 the last joint that connects the first line of Nord Stream gas pipeline to the European OPAL gas pipeline has been welded in Lubmin (German land of Mecklenburg-Vorpommern).
Welding of the "golden seam" − the last one − of the first line of the Nord Stream gas pipeline in the Russian sector has taken place on 22 August 2011.
In August 2011, the pipe-laying operation of the second line of Nord Stream in the Gulf of Finland has completed. The second line will be commissioned in late 2012 and will double the pipeline capacity.
In April 2010, construction of the first line of the Nord Stream project in the Baltic Sea began.
In spring 2010, the Nord Stream consortium attracted external funding from a syndicate of 26 banks amounting to 3.9 billion euros for the first phase of the project. Of this amount, guarantees of export credit agencies SACE and Hermes were received for the sum of 3.1 billion euros.
In September 2006 the final Shareholder’s Agreement was signed, as well as the Agreement on the basic conditions of gas transportation.
Gazprom achieved record daily supply volumes – 14.12.2012
Welding of the second line of Nord Stream completed – 29.06.2012
Nord Stream Finalizes Second Line Ahead of Schedule – 18.04.2012
Nord Stream AG has published its consolidated environmental monitoring report for 2010. According to results of the monitoring, the impact of the Nord Stream project is in line with the estimated data and has no significant effect on environment. – 11.10.2011
Construction of OPAL gas pipeline completed – 13.07.2011
Nord stream and environmental control – 10.12.2010
Nord Stream Phase II Financing Update – 26.11.2010
OPAL gas pipeline reaches the Czech Republic – 22.11.2010
Test on Tenacity: “Passed” – 26.06.2010