Nord Stream 2: 13 facts about Gazprom’s mega gas pipeline

- Leadership - Oct 26, 2016

Russia’s state-owned energy giant Gazprom is determined to go ahead with Nord Stream 2, a massive gas pipeline connecting Russia with the rest of Europe.

The company responded to doubts about the viability of the project this week by confirming that the structure will be built in full compliance with European legislation.

Alexander Medvedev, Gazprom’s Management Committee’s Deputy Chairman, confirmed: "Ground infrastructure to transport gas from Nord Stream 2 will be built by the European companies in full compliance with the requirements of the EU energy, antitrust and environmental legislation."

Members of the European Parliament are sceptical about the proposals, citing energy security concerns. In a recent statement, they said: "Doubling the capacity of the Nord Stream pipeline could have counterproductive effects on energy security, the diversification of supply sources and solidarity among member states, say MEPs… If, contrary to European interests, Nord Stream 2 were to be built, this would necessarily require a sound assessment of LNG [Liquefied Natural Gas] terminals’ accessibility and a detailed assessment of the North-South Gas Corridor, to be able to compensate for shutting down the supply lines to Central and Eastern Europe."

But what is the project all about, and what do we know about it so far? Here are 13 facts:

  1. Nord Stream 2 is a twin pipeline system that would effectively double the capacity created by Nord Stream, which opened in 2011 and 2012
  2. Gazprom wants to deliver a further 55 billion cubic metres of gas a year through Nord Stream 2
  3. The pipeline would connect massive reserves in Northern Russia to homes and business across Europe
  4. Five other companies are involved and have reiterated their support for the project to go ahead. These are BASF/Wintershall, ENGIE, Shell, OMV and Uniper
  5. Nord Stream 2 will be 1,200 metres long with a diameter of 1.153 metres
  6. It will be made up of pipe joints 12 metres in length, with 200,000 24-tonne concrete weight coated steel pipes on the seabed
  7. Nord Stream 2 AG is a company 100 percent owned by Gazprom
  8. Matthias Warnig is Nord Stream 2 AG’s Chief Executive Officer
  9. The pipeline will pass through territorial waters of Russia, Finland, Sweden, Denmark and Germany. Permission will be needed from all five countries
  10. Nearby Poland, Lithuania, Latvia and Estonia are also involved in the consultation process
  11. According to the project’s information document, EU domestic gas production is set to fall 50 percent in the next 20 years
  12. The pipeline is designed to last at least 50 years
  13. It would provide enough gas to power 26 million homes, or the equivalent output of 39 nuclear power stations


For more information head

Read the October 2016 issue of Business Review Europe magazine. 

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