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«Nord Stream 2» will be launched by the end of the year


September, 06 2021
watermark Economic news

Nord Stream 2 AG, the operator of the «Nord Stream 2» project, announced that the last pipe of the second string of the pipeline was welded and the construction process has finally come to its end, despite all the difficulties and obstacles from the United States.


At the next stage, the project expects the joining of the German section of the gas pipeline with the Danish one. After that, specialists will carry out commissioning work on the second string in order to put the gas pipeline into operation before the end of this year.


Nord Stream 2 AG emphasizes that «Nord Stream 2» will help meet the long-term needs of the EU energy market for natural gas imports. In particular, the project envisages distilling 55 billion cubic meters of gas per year from the Russian coast through the Baltic Sea to Germany.


Gazprom, the sole shareholder of the project, reported earlier that the total cost of the pipeline construction is estimated at 9.5 billion euros.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.