• 4 minutes "Natural Gas Trading Picks Up Considerably Amid High Volatility" by Charles Kennedy - ...And is U.S. NatGas Futures dramatically overbought at the $6.35 range?
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 days "The Calm Before The Storm In Oil Markets" by Tom Kool of OILPRICE and seen at YahooFinance
  • 2 hours Revisiting: "The U.S. Grid Isn’t Ready For A Major Shift To Renewables" from March 2021 by Irina Slav at OILPRICE
  • 6 hours How cheap Chinese tires might explain Russia's 'stalled' 40-mile-long military convoy in Ukraine
  • 4 days "Russia will stop 'in a moment' if Ukraine meets terms - Kremlin" by Reuters via Yahoo News...but Reuters suddenly cut out the balanced part of the story.
  • 4 days Will Variants and Ill-Health Continue to Plague Economic Outlooks?
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in

Gazprom Completes Construction Of Nord Stream 2 Gas Pipeline

Gazprom completed early on Friday construction of the Nord Stream 2 pipeline, the Russian gas giant said today, although gas flows on the controversial Russia-led pipeline cannot begin until Germany grants an operating license to the project.

“During a morning briefing at Gazprom, Alexey Miller, Chairman of the Management Committee, announced that the construction of the Nord Stream 2 gas pipeline was fully completed at 8:45 am (Moscow time) earlier this morning,” Gazprom said in a brief statement on Friday.

Earlier this week, Russia’s Foreign Minister Sergey Lavrov said that the Nord Stream 2 pipeline from Russia to Germany was set to be completed within days and come on stream.

But in order to begin shipping gas to Germany, Nord Stream 2 will need the go-ahead from the German regulator via an operational license.

Last month, a German court ruled that Nord Stream 2 will have to obey European Union regulations that separate owners of the pipelines from suppliers of gas, dealing a blow to Gazprom, who sought to have EU rules waived for the controversial pipeline.

Nord Stream 2 AG, the company behind the pipeline, said today that after the mechanical completion of the construction, “the required pre-commissioning activities will be carried out with the goal to put the pipeline into operation before the end of this year.”

Gazprom hopes to start gas flows via the first leg of the pipeline as early as October 1, Bloomberg reported on Wednesday, citing sources with direct knowledge of the Russian gas giant’s plans.

The European Union and the United States have opposed the Nord Stream 2 project, concerned about Russia using gas sales and its gas monopoly Gazprom as a political tool. Poland, several other EU countries, and the United States have seen Nord Stream 2 as further undermining Europe’s energy security by giving Gazprom another pipeline to ship its natural gas to European markets. Germany has looked at the project mostly from a business perspective.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • Mamdouh Salameh on September 10 2021 said:
    Congratulations to Gazprom for this magnificent achievement. Let us hope that the German regulator will issue the operational licence to enable it to start shipping gas to Germany and the EU.

    With Germany’s dependence on Russian gas and oil to the tune of 60% of its demand, I am sure the licence will be granted. After all both President Putin and German Chancellor Angela Merkel fought so valiantly against US sanctions to let an operational licence delay its operation.

    Moreover, the completion of Nord Stream 2 crowns a glittering career for the retiring German Chancellor who stood up to the aggressive behaviour of former President Trump against her and her country and won.

    Dr Mamdouh G Salameh
    International Oil Economist
    Visiting Professor of Energy Economics at ESCP Europe Business School, London

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News