Gazprom to Confirm Business Plan for Nord Stream-2 in January

© Sputnik / Igor ZaremboConstruction of Nord Stream pipeline
Construction of Nord Stream pipeline - Sputnik International
Currently the energy giant is preparing the tenders on several key positions such as the pipelines.

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MOSCOW (Sputnik) – Russian energy giant Gazprom will confirm its business plan and pipeline tenders for the Nord Stream-2 project in January, Gazprom Deputy Chairman Alexander Medvedev said Monday.

“We are currently readying the business plan and simultaneously the tenders on a number of key positions such as the pipelines, which will both be confirmed in January,” Medvedev said during a press conference.

In June, Gazprom announced plans to build two additional branches of the Nord Stream gas pipeline, running from Russia to Germany, in a joint project with E.ON, Shell and OMV, with an estimated cost of 9.9 billion euro (over $11 billion).

On Wednesday, Gazprom and its partner companies signed a shareholders agreement on the Nord Stream-2 gas pipeline at the Eastern Economic Forum in Russia's Vladivostok.

The Nord Stream-2 project, which plans to use the original Nord Stream pipeline for 86-percent of the route before branching off, could provide up to 55 billion cubic meters of direct gas supplies to European customers annually.

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