Sea part of Nord Stream 2 pipeline is 60% ready

TASS Russian News Agency | Jul 15, 2019 at 12:29 PM

TASS, July 15. The sea part of the Nord Stream 2 pipeline is ready by almost 60%, Oleg Aksyutin, Deputy CEO of the Russian gas holding said in an interview with the Rossiya 24 TV channel on Monday.

"The readiness of the sea part is about 60%," he said.

"All the works on connecting the onshore and offshore sections on the German side were completed last year. The work is under way on creating a receiving terminal. Now this work is being done on the Russian territory. In early July, they started pulling the pipeline {section] that will connect the land and sea parts. The work is underway. "

Aksyutin also stressed that the Nord Stream 2 is being built in compliance with the schedule.

About project

The Nord Stream 2 project envisages the construction of two lines of a gas pipeline with total capacity of 55 bln cubic meters of gas per year, running from Russia to Europe across the Baltic Sea. The 9.5 bln euro ($11 bln) project is expected to start operations before late 2019.

Gazprom’s European partners in the project are Wintershall, Uniper, OMV, Engie and Royal Dutch Shell. They are to finance 50% of the project.