Nord Stream 2: Several European states oppose construction of 1,200km pipeline
Nord Stream 2, the proposed mega pipeline connecting Russia with the rest of Europe, has been hit with opposition from Eastern European and Baltic states.
Lithuania and Ukraine have issued joint statement opposing the construction of the 1,200km pipeline, citing concerns that it would lead to an overreliance on Russia for the transit of natural gas.
Nord Stream 2 is a twin pipeline system that would effectively mirror the route and double the capacity created by Nord Stream, which opened in 2011 and 2012. That would mean another 55bn cubic metres of gas could be transported through the route every year.
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Russia’s state-owned enterprise Gazprom is behind the project, and says it will comply with all EU energy, antitrust and environmental legislation. Calls have thus been made by the likes of Ukraine and Lithuania, with the support of German Chancellor Angela Merkel, to review such European-level law.
As far as the construction is concerned, here are some key statistics detailing the scale of the proposed project:
- Nord Stream 2 will be 1,200km long with a diameter of 1.153m
- It will be made up of pipe joints 12m in length, with 200,000 24-tonne concrete weight coated steel pipes on the seabed
- The pipeline will pass through territorial waters of Russia, Finland, Sweden, Denmark and Germany. Permission will be needed from all five countries
- The pipeline is designed to last at least 50 years.
Western firms have also backed the project, including Uniper, Wintershall, Shell, OMV and Engie. It is thought that these companies, along with Gazprom, have already invested $5bn in project planning and consultation.
Hydrostor receives $4m funding for A-CAES facility in Canada
Hydrostor has received $4m funding to develop a 300-500MW Advanced Compressed Air Energy Storage (A-CAES) facility in Canada.
The funding will be used to complete essential engineering and planning, and enable Hydrostor to plan construction.
The project will be modeled on Hydrostor’s commercially operating Goderich storage facility, providing up to 12 hours of energy storage.
Hydrostor’s A-CAES system supports Canada’s green economic transition by designing, building, and operating emissions-free energy storage facilities, and employing people, suppliers, and technologies from the oil and gas sector.
The Honorable Seamus O’Regan, Jr. Minister of Natural Resources, said: “Investing in clean technology will lower emissions and increase our competitiveness. This is how we get to net zero by 2050.”
A-CAES has the potential to lower greenhouse gas emissions by enabling the transition to a cleaner and more flexible electricity grid. Specifically, the low-impact and cost-effective technology will reduce the use of fossil fuels and will provide reliable and bankable energy storage solutions for utilities and regulators, while integrating renewable energy for sustainable growth.
Curtis VanWalleghem, Hydrostor’s Chief Executive Officer, said: “We are grateful for the federal government’s support of our long duration energy storage solution that is critical to enabling the clean energy transition. This made-in-Canada solution, with the support of NRCan and Sustainable Development Technology Canada, is ready to be widely deployed within Canada and globally to lower electricity rates and decarbonize the electricity sector."
The Rosamond A-CAES 500MW Project is under advanced development and targeting a 2024 launch. It is designed to turn California’s growing solar and wind resources into on-demand peak capacity while allowing for closure of fossil fuel generating stations.
Hydrostor closed US$37 million (C$49 million) in growth financing in September 2019.