Nord Stream 2 gas pipeline

Nord Stream 2 gas pipeline

Part of: Prelims and GS-II International Relations 

Context: Germany has taken steps to halt the process of certifying the Nord Stream 2 gas pipeline from Russia after Russia announced that it will recognise the independence of eastern Ukraine’s separatist republics, Donetsk and Lugansk territories.

What is the Nord Stream 2 pipeline?

• In 2015, the Russian energy major Gazprom and five other European firms decided to build Nord Stream 2, valued at around $11 billion. 
• The 1,200-km pipeline will run from Russia to Germany through the Baltic Sea, and will carry 55 billion cubic metres of gas per year.
• The under-construction pipeline will run along with the already completed Nord Stream 1 system, and the two together will supply an aggregate of 110 billion cubic metres of gas to Germany per year. 
• Nord Stream 2 pipeline falls in the territory of EU members Germany and Denmark, and is about 98% complete

Source: The Economist

News Source: TH