First North Stream gas pipeline completed: consortium

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The first of two North Stream gas pipelines, due to pump gas from Russia to Germany by way of the Baltic Sea, bypassing Eastern Europe, has been completed, the consortium building it announced on Thursday.

The 1,224 kilometre-long (760-mile) pipeline is due to start pumping gas by the end of the year, the consortium said in a statement.

In 2012, when the second pipeline has been completed, Russia will be able to pump 55 billion cubic metres (1.9 billion cubic feet) of gas per year to consumers in western Europe, according to the consortium.

The consortium is a joint venture between the Russian energy giant Gazprom, the German firms BASF and E.ON, the Dutch firm Nederlandse Gasunie, and the French GDP Suez.

© 2011 AFP

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