Nord Stream Pipeline Project
From Current Affairs Notes for UPSC » Editorials & In-depths » This topic
What is the project about?
- The Nord Stream 2 is a natural gas pipeline project worth €11 billion.
- It is a 1,225 km long pipeline and its construction started in 2015.
- It is a project to transport natural gas from the Ust-Luga city in Russia to the city of Lubmin in Germany. It passes under the Baltic Sea.
- Nord Stream 2 AG is a Switzerland-based company that operates this project. Gazprom, Russia’s main energy company, took ownership of Nord Stream 2 AG in 2015.
Why is it significant?
- This pipeline will establish a direct supply of gas from Russia to Germany, without trans
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