Nord Stream 1
The pipeline is owned by the Russian state-owned energy company Gazprom. Nord Stream is an ultra-reliable and technologically advanced route for Russian gas supplies to the European Union.
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Nord Stream 2 lies alongside the Nord Stream 1 pipeline in operation since 2011.
. Nord Stream 2 is owned and planned to be operated by Nord Stream 2 AG which is a wholly owned subsidiary of Gazprom. Nord Stream 1 is owned and operated by Nord Stream AG whose majority shareholder is the Russian state company Gazprom. About half the cost is reportedly.
The first line of Nord Stream 1 was laid by May 2011 and was inaugurated on 8 November 2011. Nord Stream 2 would offer an alternative to Ukraines aging system lower costs by saving transit fees paid to Ukraine and Poland and avoid episodes like. Nord Stream 2 consisting of 2 lines is expected to double the total capacity of the Nord Stream system from 55 billion cubic meters BCM to 110 BCM per year.
In December 2000 the European Commission included Nord Stream as a priority project into the Trans-European Network for Energy TEN-E Guidelines.
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