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Nord Stream 2 - new gas pipeline from Russia to Europe

09 September 2015
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Last Friday in Vladivostok, the agreement on the construction of a gas pipeline Nord Stream 2 was signed between Russia's Gazprom and its European partners, which would increase the flow of gas to Europe and enable its stable distribution on the market.

 

Nord Stream 2 means the construction of the third and fourth gas pipeline along the existing lines of the Nord Stream through the Baltic Sea. This will increase capacity by a further 55 Bcm/y, which will double the current flow of gas from Russia to 110 Bcm/y. Getting this flow started is expected in late 2019 or early 2020. The project will be implemented through a joint venture, New European Pipeline where Gazprom will be the major shareholder with 51% stake, while the European partners will together hold 49% stake. (E.ON 10%, Shell 10%, OMV 10%, BASF 10%, ENGIE 9%)

 

This move made by the leading European energy companies is the result of still very unclear situation about the gas coming from Ukraine, and increased demand in the domestic market that European production is not able to cover. The European Commission, which last year banned the construction of South Stream gas pipeline, believes this is an unnecessary solution, and that there was no reason to bypass Ukraine in the transmission of gas from Russia.

 

Did you know?

  • Gazprom meets one third of European demand for gas

  • bcm / year stands for one billion cubic meters per year

  • Nord Stream is currently delivering 55 billion cubic meters of natural gas to Europe in a year

  • length of the pipeline under the sea is 1,222 kilometers

  • pipeline is made of pipes with a diameter of 1220 mm and a wall thickness of 38 mm

  • working pressure is 220 bar

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