Nord Stream natural gas pipeline remains on schedule, despite Shtokman delay

According to a report from Reuters, the start-up of the Nord Stream gas pipeline remains on schedule, despite recently announced development delays at Shtokman.

The Nord Stream group reported that the proposed start-up of the Nord Stream gas pipeline remains on schedule. The first phase of the Nord Stream pipeline is scheduled to be commissioned in 2011, and the second phase of the pipeline should come on-stream in 2012.

“Nord Stream is not dependent on Shtokman going on-stream, and the current project schedule, with the first line starting operations in 2011 and the second in 2012, remains valid,” a Nord Stream representative told Reuters.

On Friday, Shtokman partners announced that production from the massive gas-condensate field in the Barents Sea would be delayed three years -- to 2016 for the pipeline gas production and 2017 for LNG.

With contracts already let for the gigantic pipeline construction project, Nord Stream is a gas pipeline being laid under the Baltic Sea to transport natural gas from Russia to European markets.

Measuring 1,220 kilometers long, Nord Stream will consist of two parallel pipelines. The first will be able to transport some 27.5 billion cubic meters of natural gas a year, and the second will double that capacity to 55 billion cubic meters of natural gas a year.

Requiring an estimated investment of 7.4 billion euros (US $10.1 billion), Nord Stream is a group effort by OAO Gazprom, BASF SE/Wintershall, E.ON Ruhrgas and NV Nederlande Gasunie.



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