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Construction of Nord Stream 2 gas pipeline

Updated:2022-04-18 07:07:00 Download PDF

Project details

• Country Russia
• Region Leningrad Region
• Project type Pipeline
• Type of work Construction
• Project category Transport
• Project status Suspended
• Terms of implementation 2018-2021

Industry

• Oil & Gas Industry, Mining, Metallurgy

Sub-industry

• Oil & Gas

Comment

Nord Stream-2 project stipulates the construction of two strings of a gas pipeline from Russia to Germany through the Baltic Sea with a length of more than 1200 km. The project is implemented by Nord Stream 2 AG (founder - Gazprom PJSC). The installation of the first string was completed in June 2021, installation of the second string was completed in Q3, 2021. Investors: 4.75 billion Euro (in the form of loans) - ENGIE, OMV, Royal Dutch Shell, Uniper and Wintershal; 4.75 billion euro - Gazprom PJSC.

Project economics

• Approximate amount of investment 9.5 bln
• Approximate amount of investment 10.19 bln
• Planned production volume 55 bln