Russia to pump 5.6bn cm gas via Nord Stream 2

Russia, (rt.com), 20 August 2021 - Gas supplies via the Nord Stream 2 gas pipeline may total 5.6 billion cubic meters this year, Russia’s state-run energy giant Gazprom said in a statement on Thursday.

The project was 99% complete as of July, with the pipe-laying barge Fortuna working at the final section. Gas flows via Nord Stream 2 are expected to begin as early as October, and the volumes may well exceed expectations, according to experts.

Deputy head of the Energy Security Fund Aleksey Grivach noted that if s
The Nord Stream 2 project consists of two pipelines, capable of delivering a total of 55 billion cubic meters of gas per year from Russia to Germany through the Baltic Sea. The first string of the pipeline was completed in June this year.

Following Gazprom’s announcement, gas prices in Europe dropped 9.4% early on Thursday to around $480 per 1,000 cubic meters, supplies via Nord Stream 2 begin in October, the volume of gas deliveries may exceed current expectations.