Nord Stream

Signing of documents on two branches of Nord Stream postponed for 6 months

The Gazprom’s CEO A.Miller has written in his column that the company doesn’t plan to sign any transaction documents on the 3rd and 4th strings of Nord Stream during the next 6 months.
“The Yamal-Europe 2 project’s feasibility study will be completed before October; it will answer for the question about technical possibility and economical reasonability of this project,” – A.Miller stated.

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Gazprom has found a fellow traveler to Great Britain

As the Kommersant supposed, Gazprom and Dutch Gasunie have preliminary come to an agreement on construction of a new string of the Nord Stream gas pipeline. The point is the gas pipeline, which will be parallel to two existing strings of the gas pipeline in the sea, and then through Germany to the Netherlands and Great Britain by land. BP was also a pretender in this project, but it hasn’t decided about its participation.
On Monday evening, within the visit of President Vladimir Putin to the Netherlands, the Gazprom’s Head Alexei Miller and Dutch Gasunie’s CEO Paul van Gelder signed “a letter of intent” on extension of the Nord Stream gas pipeline. The document is not legally binding.

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Expert: Policy of Gazprom is a kind of a pipeline mania

Gazprom hasn’t started using the capacity of Nord Stream to the full. The company filled the second line of European pipeline only by one third. At the same time the monopoly is going to expand export facilities due to South Stream and additional lines of Nord Stream. This will result in unreasonable expenditures, experts emphasize.

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BP has started negotiations for participation in Nord Stream construction

BP has started official negotiations with Gazprom for participation in Nord Stream's construction of a branch to Great Britain, the chief of Russian Business of BP D. Peattie. The construction of a 600-mile branch can be completed by 2016. BP can spend into a shareholding in the pipeline operator $300 million. Now Gazprom holds 51% in Nord Stream, and the rest is divided between E.ON, Wintershall, GDF Suez of France and Gasunie, and 2 branches are launched. They do not report on how BP can become co-owner of Nord Stream. Read more »

Finland doesn’t mind the construction of new branches of Nord Stream

Finland doesn’t mind the further economic integration of Russia and the EU, including by means of the construction of new branches of the Nord Stream gas pipeline. The Prime Minister of Finland, Y. Katainen, said on the results of the meeting with D. Medvedev. Read more »

Commercial gas supply has started via the 2nd branch of Nord Stream to Germany

The commercial gas supply by the 2nd branch of the Nord Stream gas pipeline on the territory of Germany has started – the NEL pipeline, Wintershall said.

From the mid October NEL was loaded with gas and has been checked in the trial operation. Read more »

Gazprom: potential of Nord Stream to be used to its maximum

The potential of both branches of the Nord Stream gas pipeline, connecting Russia and Germany via the bottom of the Baltic Sea, will be used at the maximum level, as the gas pipeline will be filled, the deputy chairman of Gazprom OAO, A. Medvedev, said.

The potential of the gas pipeline will be used to its maximun and the branch will be loaded with both new and old gas, Mr. Medvedev said. He answered in the affirmative to the question if the entire gas pipeline would be filled with gas. Read more »

The capacity of Nord Stream doubles today

Today the 2nd branch of the Nord Stream pipeline will be launched, it will double the capacity of the gas pipeline – up to 55 bln cubic meters a year.

The first stage was launched on November 8th 2011. The shareholders of the Nord Stream project are Gazprom (51%), Wintershall Holding and E.ON Ruhrgas (15.5% each), GDF Suez and Gasunie (9% each). Read more »

Nord Stream resumed gas pumping after a 9-hours break

The pipeline operator Nord Stream has resumed gas pumping via the first branch of the gas pipeline after a 9-hours break, RBK reports citing German analysts in gas industry.

There was a scheduled a stop of pumping to get prepared for the launch of the second branch, whose start is planned for October 8th, 2012. Read more »

Gazprom has found a way to avoid the accusations of the European Commission

The Russian gas concern Gazprom can reform its European assets in order to fulfill the demands of the ‘third energy package’ of the EU and to avoid the accusations of the European Commission. Vedomosti writes on September 20 that Interfax reported about that a day ago referring to unidentified sources. Gazprom refused to comment about the issue. Read more »

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