Nord Stream 2
Nord Stream 2s critics say it isnt so much about creating additional capacity as it is about supplanting the main existing path for Russian gas to Europe which runs through Ukraine. Gas and oil make up more than 50 of Russias exports.
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PJSC Gazprom is the largest supplier of natural gas in the world accounting for approximately 15 percent of world gas.
. The company is based in Zug Switzerland and owned by Gazprom international projects LLC a PJSC Gazprom subsidiary. The Nord Stream 2 pipeline is an important project for both the Russian and German economies. Progress of the 11 billion project stalled at the end of 2019 when then US.
Nord Stream 2 would run from Russia to Germany and on Thursday officials in Berlin said the project could face sanctions if Russia attacks. Nord Stream 2 AG is a project company established for planning construction and subsequent operation of the Nord Stream 2 Pipeline. Gazprom started construction of the 1200-km long Nord Stream 2 pipeline from Russia to Germany five years ago.
Nord Stream 2 is a 1200km pipeline under the Baltic Sea which will take gas from the Russian coast near St Petersburg to Lubmin in Germany.
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