In Context
The Nord Stream 1, Germany’s main source of gas from Russia, was shut down on July 11 for 10 days of scheduled maintenance work.
- The Nord Stream 2 pipeline was suspended in February 2022, in response to the invasion of Ukraine.
- The Nord Stream 1 continued to be used, whose flow of gas was slashed by 60% in mid-June by Moscow.Â
More In News
- There are growing concerns in European countries that Russia would extend the temporary suspension of gas supplies in retaliation against the current sanctions leveled against Moscow.
- As an alternative source for energy, European countries have increasingly turned towards the US, from whom they purchase liquified natural gas (LNG) that comes via ships.Â
About Nord Stream Pipeline
- The Nord Stream twin pipeline system through the Baltic Sea runs from Vyborg, Russia to Lubmin near Greifswald, Germany.
- Â The pipelines were built and are operated by Nord Stream AG.
- The Nord Stream route crosses the Exclusive Economic Zones of Russia, Finland, Sweden, Denmark and Germany, as well as the territorial waters of Russia, Denmark, and Germany.
- Nord Stream 1, completed in 2011 (From Vyborg in Leningrad to Lubmin near Greifswald, Germany).
- Nord Stream 2, completed in September 2021 (From Ust-Luga in Leningrad to Lubmin).
Importance of the Pipeline
- Germany is Russia’s biggest European gas consumer, and most of it comes through the Nord Stream Pipeline.Â
- Its share of Russian gas supplies was 55% in 2021, and currently lies at 35%
- Sustainable Gas Supply to Europe: The pipeline provides Europe with a sustainable gas supply.
- Â Russia gets more direct access to the European gas market.
- Investment and Employment: It benefits the national governments and local authorities through investments and employment generated due to it.Â
Source:IE
