Nord Stream-2 to stabilize gas supplies to Europe

Germany’s Federal Minister for Economic Affairs and Energy Peter Altmaier said the Nord Stream-2 project will stabilize gas supplies to Europe amid decreasing shipments from Norway and the U.K. and rising demand.

"The Nord Stream-2 project will contribute stability of gas supplies to Europe amid decreasing shipments from Norway and the U.K. and rising demand in Germany and Western Europe on the back of an energy sector reform," the Prime new agency cited him as saying.

The Nord Stream-2 project envisages construction of two lines of a natural gas pipeline with an annual capacity of up to 55 billion cubic meters, running from the Russian shore to Germany under the Baltic Sea. Gazprom will implement the project together with Germany’s E.ON and BASF, Royal Dutch Shell, OMV, and France’s Engie.