14:27 GMT +323 October 2018
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    The Nord Stream 2 gas pipeline's operating company announced on Friday it had finalized its tender for steel pipe supplies, with construction due commence in 2018.

    Nord Stream 2 Project Supply Tender Signed, Construction to Start in 2018

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    The Nord Stream 2 gas pipeline's operating company announced on Friday it had finalized its tender for steel pipe supplies, with construction due commence in 2018.

    MOSCOW (Sputnik) — "Nord Stream 2 AG [operating company] has finalized its international tender for the supply of high-quality steel pipes for two pipelines…Deciding the tender now is a prerequisite for keeping the pipeline construction timeline with construction of both pipelines starting in 2018. Pipe deliveries are planned to start in September 2016," the operator's press release read.

    In September, Russian energy giant Gazprom and its European partner companies signed a shareholders agreement on the Nord Stream 2 gas pipeline. The signatories were Gazprom, E.On, Shell, OMV, BASF and Engie. The Swiss-based Nord Stream 2 AG company was created to operate the gas pipeline and its construction. Its chairman is former German Chancellor Gerhard Schroder.

    Under conditions of the Nord Stream 2 AG tender, high-quality steel pipes for the project will be supplied by the German Europipe GmbH and the Russian United Metallurgical Company JSC (OMK) and Chelyabinsk Pipe-Rolling Plant JSC (Chelpipe) companies. These will provide 40, 33 and 27 percent of the pipes respectively, according to the press release.

    Final negotiations and the contract signing are due to take place in the coming weeks, the statement added.

    Nord Stream 2 could provide up to 55 billion cubic meters of direct gas supplies from Russian shores through the Baltic Sea, bypassing Baltic states and Poland, to the German coast. The project has met opposition from some EU member states, such as Poland and the Czech Republic, over fears of increased energy dependence on Russia. Germany has consistently supported the project.

    Related:

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    Gazprom Confident Nord Stream 2 to Be Built as Planned by End of 2019 - CEO
    German Businesses Convincing Skeptics in EU of Need for Nord Stream 2
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