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home / news releases / OMVJF - Just 100 km left to complete Nord Stream 2 pipeline ambassador says


OMVJF - Just 100 km left to complete Nord Stream 2 pipeline ambassador says

Only ~100 km of the Nord Stream 2 gas pipeline are left to lay, according to Russia's ambassador to Germany, meaning the remaining pipeline could need just three more months for completion.In an interview with German media outlet RND, Sergei Nechayev also said he was hopeful the Gazprom-led (OGZPY) pipeline would be completed before the upcoming German election on Sept. 26.The ambassador's comments suggest ~21 km have been laid in Danish waters in the April 1-May 7 period, according to S&P Global Platts.Two Russian vessels - the Fortuna and the Akademik Cherskiy - currently are operating in Danish waters; it they will lay pipe at a combined 1 km/day, and assuming weather conditions allow, it would take ~100 days to lay the remaining pipeline.Gazprom leads European partners Royal Dutch Shell ([[RDS.A]], [[RDS.B]]), BASF's (BASFY) Wintershall, Uniper (UNPPY), OMV (OMVJF) and Engie (ENGIY) in building Nord Stream 2.

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Just 100 km left to complete Nord Stream 2 pipeline, ambassador says
Stock Information

Company Name: OMV Aktiengesellschaft
Stock Symbol: OMVJF
Market: OTC

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