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France confirms its interest in Nord Stream-2 project — Russia’s Energy Minister

October 28, 2015, 15:11 UTC+3
The project concerning the expansion of the Nord Stream gas pipeline will be carried out together with the French company ENGIE
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© Vladimir Smirnov/ITAR-TASS

MOSCOW, October 28. /TASS/. France has confirmed its interest in the Nord Stream-2 project, Russia’s Energy Minister Alexander Novak told reporters.

"We have discussed the issues of cooperation between Russian and French companies. In particular, the biggest project will be carried out together with the French company ENGIE — it concerns the expansion of the Nord Stream gas pipeline — its third and fourth lines. France confirmed its interest in the project," Novak said.

On Wednesday, Novak met Segolene Royal, France’s Ministry of Ecology, Sustainable Development and Energy. The ministers discussed a successful experience of Russian-French cooperation in energy sector, including the Yamal LNG and the Nord-Stream-2 pipeline.

Nord Stream 2 pipeline will have the throughput capacity of 55 bln cubic meters. Gas will be transported from Russia across the Baltic Sea to Germany, the UK, France, Denmark and other countries bypassing Ukraine. France’s Engie is one of the shareholders of the project

Yamal LNG is a large-scale project on creating a liquefied natural gas production facility with 16.5 mln tonnes per year capacity on the base of the resources in Russia’s Yamal peninsula. The project’s proven and probable gas reserves amount to 927 bln cubic meters. The project involves the creation of transport infrastructure, including a seaport and an airport near the Sabetta village (north-east of the Yamal Peninsula). Russia’s Novatek holds 60% in Yamal-LNG, while France’s Total and China’s CNPC hold 20% each in the project.

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