On the 7th of November, Russian Gazprom’s head Alexey Miller held a meeting with Germany’s Minister of Economic Affairs and Energy Peter Altmaier to move ahead with the Nord-Stream 2 Project.

The conversation covered the issues of cooperation and the implementation of the Nord Stream 2 gas pipeline project.

 

“The works continue on laying the gas pipeline on the seabed in Germany’s territorial waters and Finland’s exclusive economic zone. It was noted that the implementation of the project is based on high demand for the existing Nord Stream gas pipeline and growing demand for Russian gas in Europe,” the press release said.

The sides noticed that Gazprom has a strategic framework for cooperation with Germany. In particular, the company develops in all spheres, including joint gas extraction in Russia, storing, transporting, selling gas in Europe.

Last year Gazprom transported record volumes of gas to Germany – 53.4 bln cubic meters. Thus, that exceeds the previous record of 2016 – 49.8 bln cubic m by s 7.2%.

Nord Stream 2 is a new export gas pipeline running from Russia to Europe across the Baltic Sea. Its annual capacity will reach nearly 55 bln cubic m of gas.