International pipeline consortium Nord Stream has completed the second of its twin gas pipelines through the Baltic Sea ahead of schedule, the company said Wednesday, with the operational transit of gas set to begin this year.
International pipeline consortium Nord Stream has completed the second
of its twin gas pipelines through the Baltic Sea ahead of schedule, the company
said Wednesday, with the operational transit of gas set to begin this year.
"Following extensive pre-commissioning and commissioning, Line 2 is
scheduled to begin transporting gas towards the end of 2012 as part of a fully automated
twin-pipeline gas transport system capable of transporting 55 billion cubic
meters of gas per year from
Russia
to
the European Union, for at least 50 years," the company said.
Line 1 started transporting gas November. When fully operational the twin
pipelines will have "enough capacity to satisfy the energy demand of more
than 26 million European households," according to the consortium's
website.
The consortium is 51%-owned by Russian state gas firm OAO Gazprom (GAZP.RS)
with BASF SE's (BAS.XE) Wintershall AG, E.ON Ruhrgas AG, Nederlandse Gasunie NV
and GDF Suez SA (GSZ.FR) as minority shareholders.
Nord Stream was established in 2005 for the planning, construction and
subsequent operation of two 1,224-kilometre natural gas pipelines through the
Baltic
Sea
.
The company added the pre-commissioning work for the line has already started. Each
of the three sections will be flooded with seawater, cleaned and gauged, and
thoroughly pressure tested.
After de-watering and drying, the completed pipeline will then be linked to the
landfalls in
Russia
and
Germany
and
put into operation towards the end of the year.
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