Russia says Nord Stream 2 is fully completedEuropost
The Russian energy giant Gazprom announced that it had fully completed the construction of the Nord Stream 2 gas pipeline which connects undersea Russia and Germany. The project is expected to boost natural gas exports and bypass the territory of Ukraine, Reuters reported. The controversial pipeline will double Russia's gas exporting capacity to Europe via the Baltic Sea and will allow Moscow to circumvent its political foe Ukraine as a major route for its lucrative gas exports to Europe.
"The head of the management board, Alexei Miller confirmed that the construction of Nord Stream 2 was fully completed," Gazprom said. Gazprom started the construction of the 1,200-km long pipeline from Russia to Germany five years ago. The progress of the project valued at $11 billion was halted in the end of 2019 when the then US President Donald Trump imposed sanctions against it. The construction restarted around a year later with the engagement of Russia's own vessels. The route, jointly with the existing Nord Stream pipeline, will double the annual export capacity to 110 billion cubic metres, around the half of Russia's total gas exports to Europe a year. The project has drawn criticism from the United States and Ukraine among others. Russia said on Thursday pumping commercial gas supplies via Nord Stream 2 would not start until a German regulator gives the green light.