Nord Stream
In 2005 Gazprom set about building the Nord Stream gas pipeline (initially – North European Gas Pipeline). The pipeline across the Baltic Sea towards Western Europe constitutes a fundamentally new export route for Russian gas to European customers. The 1,200-km-long submerged section will cross the Baltic Sea from Vyborg to the German coast near Greifswald. With no transit countries on its way, the new transnational gas main is distinguished by low country risk and transit costs, while assuring more reliable export supply. The project is crucial to diversify export routes and directly link the gas transmission pipelines of Russia with the European gas network.Gazprom teamed up with BASF AG (Wintershall), E.ON AG (E.ON Ruhrgas) and N.V. Nederlandse Gasunie to implement the Nord Stream project. The partner stakes in Nord Stream AG - operator of the project – are split as follows: Gazprom – 51%, Wintershall and E.ON Ruhrgas – 20% each, Gasunie – 9%.
Nord Stream will transport up to 55 billion cubic m of gas each year which is enough to supply more than 25 million households.
| Type: | NORMAL |
| Address: | Grafenauweg 2 6304 Zug |
| Website: | www.nord-stream.com |
| Phone: | +41 41 7669191 |
| Fax: | +41 41 7669192 |