Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

TIMELINE-Nord Stream 2: Russia's push to boost gas supplies to Germany

09/10/2021 | 04:21am EDT

Sept 10 (Reuters) - Russian gas supplier Gazprom said on Friday it had fully completed the construction of the Nord Stream 2 natural gas subsea pipeline, which is set to double Russia's gas exporting capacity to Europe via the Baltic Sea.

Here are some significant moments in Nord Stream 2's development:


November: Gazprom and Western partners look into expanding the Nord Stream pipeline system by a further 55 billion cubic metres at an initial estimated cost of 9.5 billion euros ($11.3 billion).


June: Gazprom, Royal Dutch Shell, E.ON, OMV, Wintershall and Engie agree to build the pipeline.


March: Eight EU governments object on geopolitical grounds.


April: Financing agreements are signed.


January: Germany grants permits for construction and operation.


January: The U.S. ambassador to Germany says companies involved in NS 2 could face sanctions.

December: Swiss-Dutch company Allseas suspends pipe-laying.

U.S. President Donald Trump signs a defence policy bill including sanctions.


May: Germany's energy regulator declines to grant a waiver of EU gas directives to the operators, while an EU court also throws out a challenge to the rules.

Sept. 3: Pressure mounts on Berlin to reconsider support after the alleged nerve agent attack on Kremlin critic Alexei Navalny.

Sept. 23: The world's largest group of shipping insurers says it will not insure vessels involved in NS 2.

Oct. 1: Denmark gives NS 2 permission to operate in Danish waters.

Dec. 3: The United States unveils a bill targeting companies and individuals helping NS 2.

Dec. 28: NS 2 says it has completed the 2.6 km section in German waters.


Jan 20: Trump on his last full day in office imposes sanctions on Russian pipe-laying ship Fortuna.

German environmental groups file complaints with maritime regulator BSH, effectively preventing further work in Germany for the time being.

Jan. 21: The European parliament passes a resolution calling for a stop to NS 2 completion in response to the arrest of Navalny in Russia.

Jan. 24: Fortuna resumes work in Danish waters.

April 22: The U.S. Senate Foreign Relations Committee advances a bill to pressure companies helping to build NS 2.

May 19: The U.S. State Department waives sanctions around participants of Nord Stream 2, saying it was in the U.S. national interest.

June 4: President Vladimir Putin says Russia has finished laying the first line of the pipeline to Germany.

June 7: U.S. Secretary of State Antony Blinken says completion of Nord Stream 2 is a "fait accompli", defending the U.S. decision to waive some sanctions and vowing a response if Moscow tries to use gas as a weapon.

June 10: Nord Stream 2 says the project will start preparations to fill the first of two pipelines with natural gas within a few months.

July 22: The United States and Germany announce an agreement on NS 2 under which Berlin also pledged to respond to any attempt by Russia to use energy as a weapon against Ukraine and other Central and Eastern European countries.

July 28: The pipeline operator says NS 2 is 99% complete.

Aug 20: The Biden administration slaps sanctions on a Russian ship and two companies involved in the pipeline.

Putin says there are 15 km (9 miles) left to finish NS 2.

Aug 25: Duesseldorf Higher Regional Court rules that Nord Stream 2 is not exempt from European Union rules that require the owners of pipelines to be different from the suppliers of the gas that flows in them to ensure fair competition.

Sept 6: Russian pipelaying vessel the Fortuna welds the final piece of pipe into place.

Sept 10: Gazprom says it has completed the construction of the pipeline from Russia to Germany.

(Reporting by Tommy Lund and Bartosz Dabrowski in Gdansk; editing by Milla Nissi and David Evans)

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BASF SE 0.62% 63.21 Delayed Quote.-2.97%
E.ON SE -0.26% 10.822 Delayed Quote.19.73%
ENGIE -0.40% 12.05 Real-time Quote.-3.37%
OMV AG 1.12% 54.02 Delayed Quote.61.88%
PUBLIC JOINT STOCK COMPANY GAZPROM -1.96% 362 End-of-day quote.70.20%
PUBLIC JOINT STOCK COMPANY GAZPROM NEFT -0.34% 518.75 End-of-day quote.63.67%
ROYAL DUTCH SHELL PLC 0.31% 21.005 Real-time Quote.43.29%
S&P GSCI NATURAL GAS INDEX 0.95% 252.739 Delayed Quote.110.56%
UNIPER SE -0.03% 38.62 Delayed Quote.37.00%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.13% 70.8735 Delayed Quote.-4.03%
Latest news "Economy & Forex"
03:55aS.Africa's Aspen agrees drug portfolio sale to Swiss firm Acino
03:54aS.Africa's rand firms in early trade as risk appetite returns
03:45aEuro zone inflation expectations hit highest level in years
03:41aChina Evergrande lines up funds to pay interest, avert default -source
03:39aSouth Africa's Eskom says had fruitful discussions with Western climate envoys
03:39aSoftBank in talks to sell French robotics business to Germany's United Robotics -sources
03:34aTissue maker Essity beats profit expectations as pandemic highlights hygiene
03:21aUK retail sales fall in Sept despite panic buying of fuel
03:19aLONDON STOCK EXCHANGE : Q3 revenue up 2%, says Refinitiv savings on track
03:17aMARKETMIND : Inflation expectations are soaring
Latest news "Economy & Forex"