Gas supplies via the Nord Stream 2 gas pipeline may total 5.6 billion cubic metres this year, RT reports with reference to the Russian state-run energy giant Gazprom. The project was 99 per cent complete as of July, with the pipe-laying barge Fortuna working at the final section. It is noted that gas flows via Nord Stream 2 are expected to begin as early as October, and, according to experts, the volumes may exceed all expectations.
It is reminded that the Nord Stream 2 project consists of two pipelines, capable of delivering a total of 55 billion cubic metres of gas per year from Russia to Germany through the Baltic Sea. According to the Deputy Head of the Energy Security Fund, Aleksey Grivach, if supplies via Nord Stream 2 begin in October, the volume of gas deliveries may exceed current expectations.
For the first Nord Stream for seven months of 2021, according to the management accounting data of Gazprom Export, Russian natural gas supplies to Europe amounted to 33.7 billion cubic metres (for 7 months of 2020 – 32.9 billion cubic metres, 2019 – 31.7 billion cubic metres). Including to Germany through the gas pipeline this year, 22.7 billion cubic metres were supplied (for 7 months of 2020 – 15.9 billion cubic metres, 2019 – 20.3 billion cubic metres), Interfax reports.
It is specified that last year was a record year for gas supplies to the European market via the Nord Stream gas pipeline. It sent 59.3 billion cubic metres of gas, which is 7.8 per cent more than the planned capacity (55 billion cubic metres). Gazprom’s pipeline gas supplies to Germany in all directions amounted to 33.1 billion cubic metres, which is 42.1 per cent or 9.8 billion cubic metres more than in 7 months of 2020 (23.3 billion cubic metres) and by 8.5 per cent or 2.6 billion cubic metres more than in 7 months of 2019 (30.5 billion cubic metres).
“If we assume that in December the pipeline will start loading at 70 per cent of its design capacity, and its filling with gas will occur gradually, Gazprom probably proceeds from the assumption that full-fledged supplies can begin around October,” Fitch rating agency’s Senior Director on Natural Resources and Commodities, Dmitry Marinchenko, said.