Tag Archives: European Commission

Germany is leading a group of countries whose companies are taking part in building the 55bn cubic metre a year (cm y) route.

The top EU official stressed the importance of the regular meetings of the Joint Commission in order to ensure transparency.

Russia and its state firm Gazprom cover one-third of Europe’s gas needs.

The gas pipeline will stretch over a distance of about 1.100 km and will pump a total of 31.5 billion cubic meters of natural gas annually.

Shell welcomed the ".important milestone". toward the completion of the deal which is expected in the second half of this year.

Nord Stream 2 project presumes the construction of two gas pipelines with a combined annual capacity of 55 billion cubic meters of gas.

Gazprom shipped 103.6 billion cu m natural gas to Europe between October 2016 and March 2017. an 18-percent annual increase.

The Russian energy minister noted that the issue of gas supplies to Ukraine might be raised within the talks.

Russian state gas exporter Gazprom is keen for Nord Stream 2 to be built by 2019.

Iran has 33.5 trillion cubic meters of proven gas reserves - the second largest in the world after Russia.