Nord Stream 2
Upon commissioning of the Nord Stream gas pipeline, Gazprom has been looking into the possibility of boosting the capacity of this facility, which plays an important role in ensuring reliable supplies of Russian natural gas and serves to meet additional demand in Europe. Definite agreement on the implementation of the project was reached in September, 2015.
The route of the new gas pipeline will cross the Baltic Sea from Russia’s coast to Germany’s Greifswald. The capacity of the gas pipeline will reach 55 billion cubic meters a year.
The project is implemented by the Nord Stream 2 AG company.
Implementation of the Project:
On 4 September 2015, the Shareholders Agreement was signed among Gazprom, BASF, E.ON, ENGIE, OMV and Shell within the Nord Stream 2 project.
On 24 April 2017, Nord Stream 2 AG signed the financing agreements for the Nord Stream 2 gas pipeline project with ENGIE, OMV, Royal Dutch Shell, Uniper, and Wintershall. These five European energy companies will provide long-term financing for 50 per cent of the total cost of the project.
On 1 September 2017, the first batches of pipes for the construction of the EUGAL, the eastern trunkline of the future Nord Stream 2 pipeline, were delivered to Germany and stored at pipe storage points along the planned route.
In 2018, permissions for the implementation of the project were granted by the authorities of Finland, Germany and Sweden.
In September, 2018, pipe laying in the Baltic Sea began.
On 21 August 2019, installation of the Nord Stream 2 twin pipelines has been completed in the Finnish Exclusive Economic Zone (EEZ) with the end of pipelaying on the second line of the Finnish section.
On 30 October 2019, the Danish Energy Agency granted the permit to construct the Nord Stream 2 gas pipeline in the Danish EEZ south-east of Bornholm.
Related news:
Nord Stream 2 Gas Pipeline Has Been Granted Operations Permit on the Danish Continental Shelf - 01.10.2020
Pipe-Laying Vessels with Anchors May Be Used for Nord Stream 2 Construction - 06.07.2020
International Experts Analyzed Impact of Nord Stream 2 on European Gas Market - 29.04.2020
