OMVJF - Nord Stream 2 ready for exports but six months likely before gas starts flowing

"Nord Stream 2 is ready for operations," Russian President Vladimir Putin declared today, with certification the only remaining hurdle before actual gas deliveries can begin. The pipeline can start delivering as much as 55B cm/year of natural gas from Russia across the Baltic Sea to Germany as soon as European regulators certify the project operator, which is not likely before the end of H1 2022. Putin's proclamation came as Gazprom (OTCPK:OGZPY) completed filling the second line of the twin pipeline with "technical gas" to build up pressure required for pumping fuel along the line; the procedure, which was completed on the first line in October, is the final technical step before actual gas deliveries can begin. Gazprom's European partners on the Nord Stream 2 project are Shell (RDS.A, RDS.B), BASF's (OTCQX:BASFY) Wintershall, Uniper (OTC:UNPPY), OMV (OTCPK:OMVJF) and Engie (OTCPK:ENGIY). Putin reiterates the startup of the pipeline should help ease European gas

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Nord Stream 2 ready for exports but six months likely before gas starts flowing