Gazprom Estimates Cost of Nord Stream-2 Pipeline to Germany at $11.2 Bln

© Sputnik / Ilya Pitaliov / Go to the photo bankRussia’s energy giant Gazprom
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The construction of the planned extension of the Nord Stream gas pipeline running beneath the Baltic Sea into Germany could cost 9.9 billion euros ($11.2 bln), head of Russia's energy giant Gazprom Alexei Miller said Friday.

The chief executive officer of Shell concern Ben van Berden (at the left) and the chairman of the board, the vice-chairman of board of directors of JSC Gazprom Alexey Miller after signing of the memorandum - a road map about the third technological line of the Sakhalin-2 project - Sputnik International
Russia to Build New Gas Pipeline to Germany
MOSCOW (Sputnik) — Gazprom announced Thursday that it was planning to build to additional strings of the Nord Stream from Russia to Germany with E.ON, Shell and OMV.

The construction of the 1,224-kilometer (760 miles) Nord Stream pipeline was launched in April 2010. Two strings of the pipeline have been operational since 2011 and 2012, with the annual gas throughput expected to be 55 billion cubic meters.

"A preliminary budget estimate has been prepared: the third and the fourth strings have been valued at 9.9 billion euros," Miller said in an interview with Reuters published on Gazprom's official website.

"A preliminary project schedule has also been determined: the third and the fourth strings will be put in service by the end of 2019."

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