Gazprom's mega pipeline: 13 facts about Nord Stream 2
Russia’s state-owned energy giant Gazprom is determined to go ahead with Nord Stream 2, a massive gas pipeline connecting Russia with the rest of Europe.
The company responded to doubts about the viability of the project by confirming that the structure will be built in full compliance with European legislation.
Alexander Medvedev, Gazprom’s Management Committee’s Deputy Chairman, said: "Ground infrastructure to transport gas from Nord Stream 2 will be built by the European companies in full compliance with the requirements of the EU energy, antitrust and environmental legislation."
Members of the European Parliament are sceptical about the proposals, citing energy security concerns. In a recent statement, they said: "Doubling the capacity of the Nord Stream pipeline could have counterproductive effects on energy security, the diversification of supply sources and solidarity among member states, say MEPs… If, contrary to European interests, Nord Stream 2 were to be built, this would necessarily require a sound assessment of LNG terminals’ accessibility and a detailed assessment of the North-South Gas Corridor, to be able to compensate for shutting down the supply lines to Central and Eastern Europe."
But what is the project all about, and what do we know about it so far? Here are 13 facts:
- Nord Stream 2 is a twin pipeline system that would effectively double the capacity created by Nord Stream, which opened in 2011 and 2012
- Gazprom wants to deliver a further 55 billion cubic metres of gas a year through Nord Stream 2
- The pipeline would connect massive reserves in Northern Russia to homes and business across Europe
- Five other companies are involved and have reiterated their support for the project to go ahead. These are BASF/Wintershall, ENGIE, Shell, OMV and Uniper
- Nord Stream 2 will be 1,200 metres long with a diameter of 1.153 metres
- It will be made up of pipe joints 12 metres in length, with 200,000 24-tonne concrete weight coated steel pipes on the seabed
- Nord Stream 2 AG is a company 100 percent owned by Gazprom
- Matthias Warnig is Nord Stream 2 AG’s Chief Executive Officer
- The pipeline will pass through territorial waters of Russia, Finland, Sweden, Denmark and Germany. Permission will be needed from all five countries
- Nearby Poland, Lithuania, Latvia and Estonia are also involved in the consultation process
- According to the project’s information document, EU domestic gas production is set to fall 50 percent in the next 20 years
- The pipeline is designed to last at least 50 years
- It would provide enough gas to power 26 million homes, or the equivalent output of 39 nuclear power stations
For more information head to www.nord-stream2.com.
Drax advances biomass strategy with Pinnacle acquisition
The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.
The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).
This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.
In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.
The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.