The Nord Stream gas pipeline transmitted its 200 billionth cubic meter of gas from Russia to Germany
OREANDA-NEWS. At 12:59 p.m. Moscow time today, the Nord Stream gas pipeline transmitted its 200 billionth cubic meter of gas from Russia to Germany via the Greifswald delivery point.
“The Nord Stream gas pipeline is a high-profile pan-European infrastructure project, a stellar example of mutually beneficial and productive cooperation between Gazprom and its European partners. Today's development is a clear rebuttal to the skeptics. For six years, Nord Stream has consistently exported Russian gas to the European market via the most cost-efficient transit-free route, i.e. across the Baltic Sea. The gas pipeline is operating at full capacity, providing reliable energy supplies to thousands of companies and households in Europe.
Drawing on the success of Nord Stream, Gazprom is implementing a similar project, Nord Stream 2, with the active support of Europe's leading energy companies. In accordance with the plan, the new gas pipeline will be built by the end of 2019. Gazprom is convinced, as are our partners, that the project will further strengthen the reliability of gas supplies for European consumers and foster the development of the region's energy market,” said Alexey Miller.
Nord Stream is the export gas pipeline with the annual design capacity of 55 billion cubic meters of gas running from Russia to Germany across the Baltic Sea. The pipeline is operated by the Nord Stream AG joint venture (Gazprom – 51 per cent, Wintershall Holding and E.ON – 15.5 per cent each, and Gasunie and ENGIE – 9 per cent each). The first string of Nord Stream was put into service in November 2011 and the second in October 2012.