Offshore staff
ZUG, Switzerland – Nord Stream’s shareholders have asked the company to perform a feasibility study on ways of increasing capacity to transport gas from Russia to the EU countries via the Baltic Sea.
Over the next eight months,Nord Stream will assess various criteria concerning up to two potential additional pipelines, including technical solutions, routes, environment, and financing.
Nord Stream says the study will build on the experience gained from implementation of thetwin Nord Stream pipelines, and on the shareholders’ experience in implementing and managing natural gas pipelines.
It will evaluate the potential for further infrastructure with an operating life of at least 50 years.
The rationale is twofold: diversification of transportation routes will help enhance security of gas supply to Europe; and the EU’s gas import requirements will continue to grow over the long term, due in part to the assumed decline of production in the North Sea.
5/14/2012
