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2008 March 13   09:18

Report on evaluation of Nord Stream ecological impact to be completed in May 2008

The report on evaluation of the Nord Stream impact on ecology of the Baltic Sea neutral waters is to be completed in May 2008, RBC quotes Aleksandr Ishkov, deputy head of Gazprom’s department on gas transportation, underground storage and use.

As of today ecological documentation is being revised according to requirements and notes of foreign countries interested in construction. The project is being developed by Ramboll (Denmark).

The ambitious Nord Stream pipeline project is estimated to be worth around $12 billion and is scheduled to be completed in 2012. The first of two parallel pipelines, approximately 1,200 kilometers (750 miles) long, each with a transport capacity of some 27.5 billion cubic meters per annum, is to become operational in 2010. In the second phase, capacity should double to about 55 billion cubic meters a year.

The project has been heralded as an important contribution to the long-term security of gas supplies and a test of energy partnerships between the European Union and Russia.

Russian energy giant Gazprom owns a 51% stake in Nord Stream AG, with Germany's BASF and E.ON. holding 24.5% stakes, respectively.

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