Nord Stream 2
Nord Stream 2 is owned and planned to be operated by Nord Stream 2 AG which is a wholly-owned subsidiary of Gazprom. The first line of Nord Stream 1 was laid by May 2011 and was inaugurated on 8 November 2011.
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Nord Stream 2 stretches for 1200 kilometres from Vyborg in Russia through the Baltic Sea to Lubmin in Germany bypassing Ukraine.
. It cost 10bn 84bn and was completed last. The new pipeline similar to the one in operation will establish a direct link between Gazprom and the European consumers. The decision to build Nord Steam 2 was based on the successful experience in building and operating the Nord Stream gas pipeline.
The second line of Nord Stream 1 was laid in 20112012 and was inaugurated on 8 October 2012. Nord Stream 2 is a 745-mile pipeline stretching between Ust-Luga near western Russia s border with Estonia and Greifswald in northeastern Germany intended for. The EUs domestic gas production is in rapid decline.
To meet demand the EU needs reliable affordable and sustainable new gas supplies. Nord Stream 2s critics say it isnt so much about creating additional capacity as it is about supplanting the main existing path for Russian gas. Nord Stream 2 is a 1200km pipeline under the Baltic Sea which will take gas from the Russian coast near St Petersburg to Lubmin in Germany.
The Nord Stream 2 Pipeline will transport natural gas into the European Union to enhance security of supply support climate goals and strengthen the internal energy market. Nord Stream 2 is a new export gas pipeline running from Russia to Europe across the Baltic Sea.
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