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Nord Stream-2 to be constructed according to Nord Stream-1 design project — Gazprom head

"We have signed binding documents with the European partners, Gazprom Head Alexey Miller said

© ITAR-TASS/Vladimir Smirnov

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Nord Stream 2 project to raise Gazprom’s commercial, funding risks — Fitch

ST. PETERSBURG, October 6. /TASS/. The technical concept of the Nord Stream-2 project will be the same as that of Nord Stream-1; there will be no new project, Gazprom Head Alexey Miller said Tuesday.

"We have signed binding documents with the European partners. Technically it [North Stream-2 project - TASS] will be the same as the Nord Stream," he said.

Earlier Nord Stream Technical Director Sergey Serdyukov said that Nord Stream-2 project is not subject to European regulation. "European customers will receive gas from European companies, which will solve the problem with the restrictions of the Third Energy Package," he said, explaining that omissions made during the implementation of the Nord Stream-1 project were taken into account.

According to him, a perfect mechanism was created - gas supplied by Nord Stream-2 will be transported through the territory of the European Union by the European companies.

Nord Stream 2 is the construction project of the natural gas pipeline with the capacity of 55 bln cubic meters from Russia to Germany across the Baltic Sea. The route and the entry point to the German gas transport system in Greifswald are intended to be the same as for the first Nord Stream gas pipeline launched in 2011.

The project will be implemented by the joint project company New European Pipeline AG. In this company Gazprom" will hold 51%, E.ON, Shell, OMV and BASF / Wintershall - 10% each, Engie - 9%.

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Top stories from the Russian press on Friday, April 19th

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