Since the second branch-line of the Nord Stream Gas Pipeline (NSGP) has been commissioned, it is starting to work at full capacity. Experts say that this is one of the most successful projects in Europe, adding that its construction should continue.
The NSGP project was implemented within a record period. The decision on the construction of a new gas pipeline was made in 2005. However, the panel of investors was finely defined only in 2010. On that list were the Russian gas giant Gazprom with 51 per cent of shares, and also Germany’s Wintershall Holding and E.ON Ruhrgas, France’s GDF Suez, and Holland’s Gasunie that divided the remaining package of shares between themselves. It was exactly at that time that the coordination of project-related details was completed with the countries through the territorial waters of which it was planned to lay the pipe across the Baltic Sea bed. Once this was done, the construction of the gas pipeline started. In November of 2011 the first branch-line of the Nord Stream Gas Pipeline that linked Vyborg in Russia with Greifswald in Germany was put into operation. Now, once Russia’s natural gas is sent through a parallel pipe, it will make its way, bypassing the transit countries – Ukraine and Poland. Speaking about the opening of the second branch-line, President Putin stressed that this project is of great significance for the European Union as well as further development of its relations with Russia:
The NSGP project was implemented within a record period. The decision on the construction of a new gas pipeline was made in 2005. However, the panel of investors was finely defined only in 2010. On that list were the Russian gas giant Gazprom with 51 per cent of shares, and also Germany’s Wintershall Holding and E.ON Ruhrgas, France’s GDF Suez, and Holland’s Gasunie that divided the remaining package of shares between themselves. It was exactly at that time that the coordination of project-related details was completed with the countries through the territorial waters of which it was planned to lay the pipe across the Baltic Sea bed. Once this was done, the construction of the gas pipeline started. In November of 2011 the first branch-line of the Nord Stream Gas Pipeline that linked Vyborg in Russia with Greifswald in Germany was put into operation. Now, once Russia’s natural gas is sent through a parallel pipe, it will make its way, bypassing the transit countries – Ukraine and Poland. Speaking about the opening of the second branch-line, President Putin stressed that this project is of great significance for the European Union as well as further development of its relations with Russia:
