Nord Stream 2 The Next Milestone

Nord Stream 2 secures Europe’s energy supply. It will also help achieve the European Union’s climate goals.

Share
Nord Stream 2 Pipeline under construction watered
Nord Stream 2 Pipeline under construction watered
Credit
Nord Stream 2/Axel Schmidt

Nord Stream 2, the new pipeline through the Baltic Sea, is being built by Gazprom to meet the need for additional gas imports into the European Union and to improve Europe’s security of supply. The project also supports the achievement of climate policy objectives in the European Union.

Wintershall Dea is one of five European energy companies that have committed themselves to providing long-term financing for 50 per cent of the total project costs, which are currently expected to be 9.5 billion euros. The European companies will each provide up to 950 million euros. Gazprom is the sole shareholder of the Nord Stream 2 AG project company. Wintershall Dea is convinced that Nord Stream 2, with a total capacity of 55 billion cubic metres of gas, is the safest, most efficient and most environmentally friendly route for Russian gas supplies because it provides a direct link to European consumers.

Quickfact Nord Stream 2 EN
Quickfact Nord Stream 2 EN
emplyee working on pipeline nord stream 2
emplyee working on pipeline nord stream 2
Offshore construction work on schedule: More than 1,700 kilometres of pipes have already been laid by Summer 2019.
Credit
Nord Stream 2/Paul Langrock
Offshore construction work on schedule

Nord Stream 2 is scheduled to go into operation by the end of 2019. More than 1,700 kilometres of pipes have already been laid by Summer 2019. All the countries affected by the construction have granted permits for construction, except for Denmark. The country proposes a new route variant in the Exclusive Economic Zone (EEZ) in the waters south of the island of Bornholm.

Environmental protection in focus

Power generation with natural gas instead of coal produces up to 50 per cent less CO2. In fact, natural gas supplied by Nord Stream 2 could save around 14 per cent of the EU’s total CO2 emissions from electricity generation.

Europe needs Nord Stream 2. The role of natural gas will become even stronger in the future if Germany decides to phase out coal-fired power plants by 2038. Gas-fired power plants provide flexible generation and emit significantly less CO2 than coal-fired power plants.
Thilo Wieland
Wintershall Dea Executive Board Member responsible for Russia, Latin America and Transportation
Extensive preliminary investigations carried out

Research vessels belonging to contractors from eight countries were used for investigating the 1,230-km-long route, ranging from canoes to ultra-modern survey vessels. A total distance covering 59,000 kilometres was investigated. More than 2,300 samples were collected in order to study the geology of the seabed in detail.

Wintershall Dea employees preliminary investigation
Wintershall Dea employees preliminary investigation
A total distance of 59,000 kilometres was thoroughly  investigated.
Credit
Nord Stream 2/Axel Schmidt
200,000
tonnes of CO2 can be saved over the entire course of the project phase thanks to the environmentally friendly green logistics concept.
24
tonnes is the weight of each pipeline element. They are twelve metres long.
200,000
pipes will be laid for the pipeline.
9.5
billion euros are the estimated costs for the pipeline. The construction of Nord Stream 2 will not cost European consumers a single cent.
50 %
of the costs will be provided by the five investors ENGIE, OMV, Shell, Uniper and Wintershall Dea. The money will be repaid to the investors on a long-term basis, just like a loan. The sole shareholder of the Nord Stream 2 AG project company is Gazprom.
Related Articles
Wintershall Dea production site Novy Urengoy
Who we are

Vision

Over the next few years, Wintershall Dea will invest several billions of euros in maintaining and expanding production in Russia.

 
Nord Stream Pipeline under construction watered
Where we are

Energy for Europe

Nord Stream transports natural gas from Russia to Europe and covers the annual energy needs of 26 million households.