Nord Stream 2 pipeline nears completion
This follows the news that the pipelay vessel Akademik Cherskiy finished its initially planned workload.
The $11 billion (9.25 billion) Nord Stream 2, designed to bypass Russia’s political foe Ukraine and double the capacity of the existing Nord Stream pipeline to 110 billion cubic metres per year, has been a focal point of tensions between Moscow and Washington.
The Nord Stream 2 gas pipeline project is led by Russian giant Gazprom with half of the funding coming from five European partners – Germany’s Uniper, BASF’s Wintershall, Anglo-Dutch Shell, Austria’s OMV and Engie.
The project is designed as two parallel 48-inch lines, roughly 1,200 kilometres long, each starting southwest of St Petersburg and ending at German coast, Greifswald.
The gas pipelines will have the capacity to transport 55 billion cubic meters of Russian gas a year to the EU, for at least 50 years.