The technical concept is finalized
The technical design concept envisages pipelines with an outside diameter 1220 mm and design pressure up to 220 bar. The 1200-kilometer-long pipeline will operate without midway compression. For pipeline maintenance purposes a riser platform will be built on the route. Overall investments for the project will be approximately 6 billion euro.
Authorization procedure to start in November
Over the past six months, intensive preparations have been made for the approval procedure, including a series of meetings with the governments of the Baltic Sea states. In mid-November, official notification of the project will be sent to the countries which are directly affected. These countries are Russia, Finland, Sweden, Denmark and Germany, and the pipeline is planned to pass through their exclusive economic zones or their territorial waters. This will be the first step in the authorisation procedure. After a process of public consultations, the countries will give notice within a few months of the investigations they will require, and the appropriate environmental impact assessment will follow. Detailed field studies are already being conducted on the basis of Helcom data to study and record the maritime environment along the proposed route of the pipeline, including fauna, flora, water, and sediments. In autumn 2007, Nord Stream will present a comprehensive environmental report.
Nord Stream is the new company name
Nord Stream, the new company name, replaces the working title 'NEGP'. It reflects the project mission of creating an efficient gas pipeline infrastructure to ensure a reliable supply of environmentally friendly natural gas from Siberia to Northern Europe. Nord Stream is a strong name with maritime connotations very suitable for a major subsea pipeline project.
Company headquarters officially opened in Zug, Switzerland
Switzerland, with its internationally recognised legal system, offers an ideal location for this European project, since the shareholders Gazprom, E.ON Ruhrgas and Wintershall decided that their joint venture should not be based in any of the directly related countries. More than three-quarters of the team of 70 co-workers will be based at the company's head office in Zug.
Following the appointment of Matthias Warnig as Managing Director in March, the directors were announced for the various operational sectors. Sergey Serdyukov (from Gazprom) will be responsible for Technology, Paul Corcoran (from Wintershall) for Finance, and Henning Kothe (from E.ON) for Commercial Operations. Vitaly Yusufov (from Gazexport) will be in charge of the office to be opened in Moscow.
Nord Stream natural gas pipeline will cross the Baltic Sea between Vyborg in Russia and Greifswald in Germany. With a total length of about 1200 kilometers, it is planned to be operational in 2010 with an initial transport capacity of some 27.5 billion cubic meters per annum. In the second phase, a parallel pipeline will increase the transport capacity to about 55 billion cubic meters p.a.
Most Popular Articles
From the Career Center
Jobs that may interest you