: :inin Kyiv (EET)

Gazprom plans the Nord Stream-2 pipeline and finances Turkish Stream pipeline

The Nord Stream-2 pipeline will stretch from Russia to Germany through the Baltic Sea and will be finished in 2019.

“The Nord Stream (delivery) rate clearly demonstrates that the northern corridor for Russian gas supplies into the European market is of high demand. And once again it confirms the importance and the urgency to approve and build the Nord Stream -2. Consumers are voting in favor of this route,” said Gazprom CEO Aleksei Miller .

According to Forbes Russia’s Gazprom starts off 2017 lobbying for new Baltic Sea pipeline Russia’s natural gas giant Gazprom started the year off right. It took a roundabout swipe at its former ally Ukraine in lobbying Europe through the press that another Baltic Sea pipeline was needed due to record-breaking deliveries into Europe via the Nord Stream line.

Gazprom and its partners, including Shell Oil, were recently blocked from laying the Nord Stream-2 pipeline basically right alongside the existing pipe after Poland’s anti-monopoly board canceled the deal. Poland said the European companies involved would have too big a market share in Poland, which has spent hundreds of millions investing in liquefied natural gas as a Gazprom alternative.
Miller said the existing pipeline was loaded over 100 percent at the end of last year as a result of the European Commission’s decision to allow Gazprom to use 90 percent of the Opal pipeline, which ships Nord Stream’s gas to end-users.

Recently Gazprom decided to provide a company called South Stream Transport B.V. and allocated 310 million Euros for Turkish Stream pipeline that will transit gas to Europe under the Black Sea, bypassing Ukraine.


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