Got to wait till 2010 for real security of supply!
The North European gas pipeline will open a new chapter in the history of cooperation with European gas consumers. It will begin to deliver Russian natural gas to Western Europe avoiding transit states along its route.
It is expected that that by 2010 the European gas market will need about 100 bcm of gas in excess of the existing long-term contracts. The existing export gas pipelines from Russia to Europe will not be able to quench the growing gas thirst. To solve this problem and raise the safety of Russian gas supplies for export, development of the North European gas pipeline (NEGP) project was begun a few years ago.
The North European gas pipeline project will inaugurate a brand new route to export Russian gas to Europe. Its implementation will diversify export routes, make supplies more flexible and directly connect gas transport networks of Russia and other countries in the Baltic Sea area to the European gas grid. The NEGP will bypass transit states reducing sovereign risks and costs of Russian gas delivery and enhancing reliability of export supplies.
The NEGP will run under the waters of the Baltic Sea from Portovaya bay (near Vyborg) to the coast of Germany (near Greifswald). The plan is to build two parallel gas pipeline legs each about 1,200 km long. Total annual NEGP capacity will be 55 bcm. The pipeline will have a spur to deliver gas to consumers in Sweden.
The gas pipeline construction will help expand gas supplies to Scandinavian countries as well as provide reliable gas supplies to consumers in Western Europe, North-Western region of Russia and Kaliningrad Region as gas consumption continues to grow in these areas.
The first pipeline of NEGP will be put into operation in 2010.
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