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Both lines of Nord Stream-2 gas pipeline will be commissioned by 2019 year-end — Gazprom

The Nord Stream-2 gas pipeline will be built for new volumes of Gazprom’s export, Gazprom’s CEO said

© ITAR-TASS/Vladimir Smirnov

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MOSCOW, June 26. /TASS/. Both lines of Nord Stream-2 gas pipeline will be commissioned by 2019 year-end, Chief Executive Officer of the gas giant Alexei Miller said at the company’s shareholders meeting on Friday.

"We will use the lessons learned by Nord Stream AG, accumulated during construction and operation of the Nord Stream-1 pipeline. The successful track record on the Baltic Sea will help us to optimize construction costs and timeframe. Both lines of the Nord Stream-2 will be commissioned by 2019 year-end," Miller said.

"We will initiate establishment of a joint company for the project implementation" in the nearest future, Gazprom’s CEO added.

The Nord Stream-2 gas pipeline will be built for new volumes of Gazprom’s export, Alexei Miller said.

"The Nord Stream-2 will be built for new volumes of our export. Establishment of the new transport infrastructure on the shortest route connecting gas fields in the Northern Russia and European markets will promote the improvement of safety and reliability of supplies under new contracts," Miller said.

Gazprom repeated said earlier the company intends to stop gas transit to Europe through Ukraine after 2019.

Gazprom, E.ON, Shell, and OMV signed a memorandum of intentions to cooperate on the project of developing the gas transport infrastructure for direct supplies of the Russian gas to European consumers on June 18, 2015. A joint venture for the project implementation will be established in the nearest future.

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Oil & Gas Nord Stream

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