Saturday, December 26, 2015

Nord Stream 2 may block natural-gas supplies via Ukrainian pipeline system

As expected, the joint venture Nord Stream 2 AG is going to design, finance, build and operate two parallel pipelines on the Baltic seabed, which will carry Russian natural gas to Europe. Each pipeline will have a capacity to convey 27.5 billion cubic meters of gas per year.

According to analysts, the Nord Stream 2 pipelines may well block natural-gas supplies via the Ukrainian pipeline system. At the same time, the Nord Stream 1 and 2 pipes will carry 80% of Russian gas to Europe. Recently, the Czech Republic has started to import Russian gas from the Nord Stream 1 pipeline via Gazela and OPAL pipelines.

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