The Gazprom Management Committee took note of the information regarding the progress of the Nord Stream 2 project.

It was noted at the meeting that the project was going according to plan with support from Europe’s leading energy companies. Permits are currently being drawn up. National environmental impact assessment reports were submitted to the German, Danish, Finnish and Swedish authorities, with construction permit applications filed for the corresponding sections of the gas pipeline in the aforementioned countries.

Preparations for the pipeline’s construction are in full swing, with contracts signed for all basic materials, equipment and services required for the project.

The Members of the Management Committee expressed confidence that Nord Stream 2 would be completed on time and brought into operation before the end of 2019.

About Nord Stream 2

Nord Stream 2 is a planned pipeline through the Baltic Sea, which will transport natural gas over 1,200 km from the world’s largest gas reserves in Russia via the most efficient route to consumers in Europe. Nord Stream 2 will largely follow the route and design of the successful Nord Stream Pipeline. With Europe’s domestic gas production projected to halve in the next 20 years, Nord Stream 2’s twin pipeline system will help Europe to meet its future gas import needs. It has the capacity to transport 55 billion cubic metres of gas per year, enough to supply 26 million European households.

This secure supply of natural gas, with its low CO2 emissions, will also contribute to Europe’s objective to have a more climate-friendly energy mix with gas substituting for coal in power generation and providing back-up for intermittent renewable sources of energy such as wind and solar power.

Nord Stream 2 builds on the successful experience of construction and operation of the Nord Stream gas pipeline (2012 – to present). Already during construction, Nord Stream was recognised as a benchmark project in terms of compliance with stringent industrial and environmental safety requirements as well as stakeholder engagement. This gas pipeline has become a symbol of mutually beneficial international cooperation and a key element of the European energy security. The results of annual monitoring show that the environmental impact caused by the construction and operation of Nord Stream was minor, local and short term only and, in some cases, considerably lower than predicted by the original environmental impact assessments.

The Nord Stream 2 project was initiated by PJSC Gazprom and is supported by a number of leading international energy companies Uniper SE and BASF SE/Wintershall Holding GmbH (Germany),
Royal Dutch Shell plc (the UK and the Netherlands), OMV AG (Austria) and Engie S.A. (France).

About Gazprom

Gazprom is a global energy company. Its major business lines are geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, sales of gas as a vehicle fuel as well as generation and marketing of heat and electric power.