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The 1220 km long Nord Stream pipeline will be a direct Russian supply link to the EU with a transmission capacity of about 55 billion cubic metres a year.
The pipeline is planned fuelled partly by gas from the Shtokman field in the Barents Sea. Also gas from the Yamal Peninsula is likely to run through the pipeline.
Nord Stream is a joint project of Gazprom (51%), BASF/Wintershall (20%), E.ON Ruhrgas (20%) and Gasunie (9%).
The first of two gas lines, with a transmission capacity of around 27,5 billion cubic metres a year is due for completion in 2011. The second line is planned put in operation in 2012.
Total investment in the offshore pipeline is projected at 7.4 billion EUR, the project website reports.
Is Nord Stream a security challenge?
The Nord Stream pipeline
www.nord-stream.com
The projected Nord Stream pipeline in the Baltic Sea is not a security issue, former prime minister and currently Nord Stream adviser Paavo Lipponen maintains. He is supported by Finnish Minister of Defence Jyri Häkämies
The 1220 km long underwater pipeline planned laid across the Baltic Sea should not be considered a security issue, Lipponen argues. He is surprised that critics say that the pipeline is a security challenge, Yle reports.
Lipponen is supported by Defence Minister Jyri Häkämies who says that Finland presupposes that other nations will not increase their military presence in the Gulf of Finland as a result of the pipeline. As a matter of fact, he rather believes that the pipeline will enhance Baltic security.
Lipponen is supported by Defence Minister Jyri Häkämies who says that Finland presupposes that other nations will not increase their military presence in the Gulf of Finland as a result of the pipeline. As a matter of fact, he rather believes that the pipeline will enhance Baltic security.
