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Russia: Nord Stream 2 will be launched in middle of 2020

Christian Fernsby ▼ | November 25, 2019
Russian Deputy Prime Minister Dmitry Kozak said that the Nord Stream 2 gas pipeline will become operational "in the middle of the next year."
Dmitry Kozak
Russia energy   Dmitry Kozak
Earlier, Russian Energy Minister Alexander Novak reported that gas supplies through the Nord Stream 2 pipeline could begin before the end of 2019.

Topics: Russia Nord Stream 2

"Depending on the schedule of this project, we will decide when the construction of the pipeline can be continued," said Novak.

The Nord Stream 2 gas pipeline will pass along the bottom of the Baltic Sea through the territories of Russia, Finland, Sweden, Denmark, and Germany.

Its planned capacity is 55 billion cubic meters of gas.

The authorities of the USA, Poland, Ukraine, as well as the Baltic countries actively oppose the implementation of the gas pipeline project.

The estimated cost of this project is €9.5 billion.

The sole shareholder of Nord Stream 2 AG is a Russian gas company Gazprom.

Five oil and gas companies from Austria, Germany, the Netherlands, and France have invested in this project.