Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC



Nord Stream 2 company says starting preparatory work off German coast

FRANKFURT, (Reuters) - A consortium of western companies and Russia's Gazprom that is due to build the controversial subsea Nord Stream 2 gas pipeline to Germany said it was starting preparatory work in the Greifswald bay off Germany's Baltic coast.

Nord Stream
MAP SOURCE: EWA

"Five dredgers are now working on the trench for the two pipeline strings," the consortium, based in Switzerland's Zug, said in a press release. Nord Stream 2 will consist of two pipelines running in parallel.

"Preparatory works are in accordance with the Stralsund mining authority's planning approval," it said. The regulatory authority granted the consortium a permit in January to build the pipeline in German territorial waters.

There have been years of political wrangling over whether the additional route to bring Siberian gas to Germany directly from next year is in Europe's interest, economically and geopolitically.

Environmentalists in Germany and Finland are still trying to halt licensing, saying authorities should take more care the pipeline does not endanger marine life.

The consortium has said it will mitigate environmental problems, while arguing for the economic case of the project, as Europe will need more imported gas in future.

Nord Stream 1, of an identical 55 bcm to the planned new pipeline and opened in 2010, has proved successful, it says.

The Nord Stream 2 project has said it will tap banks for financing in the fourth quarter of 2018 or early next year.

Denmark still has to rule whether the pipeline can be built near its coast, for which there is no concrete timing.

Other routine permissioning processes are still under way in Sweden and Russia.

Gazprom's Western partners are energy companies Uniper , Wintershall, Engie, Austria’s OMV and Anglo-Dutch group Shell.

Poland's anti-monopoly office said last week it had launched proceedings against Gazprom and the five European firms financing Nord Stream 2 over a potential breach of anti-monopoly laws.

Poland sees the Nord Stream 2 pipeline, which would double Russia's gas export capacity via the Baltic Sea, as a threat to Europe's energy security and argues it will strengthen Gazprom's already dominant position in the market. (Reporting by Vera Eckert; editing by Adrian 


Copyright © 2018. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo

FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
The US Energy Information Administration (EIA) reported in April that the US set records for natural gas production in 2017.
EWAnalysis
- Energy Web Atlas
Since market reforms first started in 1978, China has shifted from a centrally planned economy to a market-based economy, experiencing rapid economic and social development.
Industry Perspectives
-Eugene Gerden
Russia aims to ally with Qatar in LNG competition with Australia and other LNG-exporting majors over the coming years.


Maximize Profitability with Advanced Analytics at Natural Gas Processing Plants

View On-Demand

Incorporating economic data into process modeling is key to optimizing operations and maximizing profits at gas processing plants. However, maintaining optimal operations are often challenging due to changing market dynamics, contract structures and increasing process flexibility. Today, gas processors are leveraging Predictive Control and First Principles models to accurately determine and control the optimal operating targets in real time based on the most current plant conditions and profitability, optimizing recovery of natural gas liquids. Learn how real-time analytics, combined with decision support tools, empower companies to:
•Improve processing margins by up to 5%
•Maximize NGL production through improved availability and optimized process conditions
•Improve compositional control to operate closer to product specifications

May 22, 2018 10am CDT

View On-Demand

 

Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2018 Gulf Publishing Holdings LLC.