Gazprom May Supply 5.6 Billion Cubic Meters of Gas Via Nord Stream-2 This Year
SP-2 with a capacity of 55 billion cubic meters. m of gas per year has been laid from the Slavyanskaya compressor station in the Kingisepp district of the Leningrad region to the Baltic coast of Germany.
Gazprom is completing the construction of the pipeline on its own, as a Swiss contractor stopped laying due to US sanctions.
As for the Nord Stream gas pipeline, Russian gas supplies to Europe amounted to 33.7 billion cubic meters in January-July. m (in January-July 2020 - 32.9 billion cubic meters, in January-July 2019 - 31.7 billion cubic meters).
Including Germany received 22.7 billion cubic meters. meters of gas (15.9 billion cubic meters and 20.3 billion cubic meters, respectively).
Last year's figure was a record for Nord Stream: Europe received 59.3 billion cubic meters. m of gas, which is 7.8% more than in 2019 (55 billion cubic meters).
Meanwhile, gas prices in Europe are declining after Gazprom announced the possibility of launching Nord Stream 2 this year. September futures on the TTF gas hub index (Netherlands) fell on ICE Futures from $ 531 to $ 511 per 1,000 cubic meters.
A few weeks remain before the completion of the construction of the SP-2, while the agreement between the United States and Germany will not affect the pace of construction in any way, Russian Ambassador to Germany Sergei Nechaev said on August 9. For his part, Foreign Minister Sergei Lavrov noted on August 18 that the SP-2 was built "to the last mile."