Nord Stream 2
Nord Stream 2 is a new export gas pipeline running from Russia to Europe across the Baltic Sea. 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.
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It cost 10bn 84bn and was completed last.
. The first line of Nord Stream 1 was laid by May 2011 and was inaugurated on 8 November 2011. The second line of Nord Stream 1 was laid in 20112012 and was inaugurated on 8 October 2012. 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.
To meet demand the EU needs reliable affordable and sustainable new gas supplies. The EUs domestic gas production is in rapid decline. The new pipeline similar to the one in operation will establish a direct link between Gazprom and the European consumers.
Nord Stream 2 is owned and planned to be operated by Nord Stream 2 AG which is a wholly-owned subsidiary of Gazprom. The decision to build Nord Steam 2 was based on the successful experience in building and operating the Nord Stream gas pipeline. 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 stretches for 1200 kilometres from Vyborg in Russia through the Baltic Sea to Lubmin in Germany bypassing Ukraine. 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.
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