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The News
Nordstream
- Nord Stream is a system of offshore natural gas pipelines from Russia to Germany.
- It includes two lines running from Vyborg to Lubmin near Greifswald forming original Nord Stream and another under construction running from Ust-Luga to Lubmin termed Nord Stream 2.
- Nord Stream 1 is owned and operated by Nord Stream AG, whose majority shareholder is the Russian state company Gazprom.
- Nord Stream 2 is owned and will be operated by Nord Stream 2 AG, a wholly owned subsidiary of Gazprom.
Nordstream
Nordstream 1
- Nord Stream 1 is a 1,224 km underwater gas pipeline that runs from Vyborg in northwest Russia to Lubmin in northeastern Germany via the Baltic Sea.
- It transports 55 billion cubic metres of gas a year, of which most goes directly to Germany, while the rest travels west and southwards through onshore links to other countries and into storage caverns.
- During its inauguration in November 2011, the former German chancellor Angela Merkel said Nordstream which cost 7.4 billion euros, will pave the way for a “safe, sustainable partnership with Russia in the future”.
Nordstream 2?
- Nordstream 2 was envisioned in 2015, the pipeline runs parallel to the existing Nord Stream 1 pipeline under the Baltic Sea.
- It reaches Germany and aims to supply natural gas across the unified market of EU.
- It is a joint project between Russian gas giant Gazprom and five European companies — ENGIE, OMV, Royal Dutch Shell, Uniper and Wintershall.
- Both the sides are contributing half of the financing for NS2 which has a capacity of 55 bcm per year. (Doubles the overall Nordstream capacity).
Nordstream 2
The Great Game
The Great Game
The Great Game
The Great Game
- The Nord Stream 1, Germany’s main source of gas from Russia, has been shut down on July 11 2022 for 10 days of scheduled maintenance work said the Gazprom statement.
- Last month, Russia reduced the supply through Nord Stream 1 by 60%.
- At that time, Russia had blamed the reduction of supplies on the delayed return of a turbine, which was being serviced by Germany’s Siemens Energy in Canada. (Stuck there due to sanctions..!!)
The Great Game
The Great Game
The Big Question
- Will Nordstream1 restart after 10 days?
Dark Future
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