Nord Stream AG is a consortium for construction and operation of the Nord Stream 1 submarine pipeline between Vyborg in Russia and Greifswald in Germany. The consortium was incorporated in Zug, Switzerland, on 30 November 2005. The original name of company was the North European Gas Pipeline Company. The company was renamed to Nord Stream AG on 4 October 2006 ("Nord" is German for "North").
Since the first gas delivery in 2011, the company has transported over 450 billion cubic metres of natural gas to Europe. In 2020, the German Federal Network Agency highlighted again the Nord Stream Pipeline’s contribution to security of energy supply in Europe.[citation needed]
Gas deliveries ceased in September 2022 following the destruction of three of the pipe lines and sanctions linked to the Russian invasion of Ukraine[1]
On 1 March 2010, French energy company GDF Suez (changed name to Engie in 2015) signed with Gazprom a memorandum of understanding to acquire 9% stake in the project. Accordingly, the stakes of Wintershall and E.ON fell by 4.5% to 15.5%.[4]
References
^"Shutting Down Nord Stream Marks the Point of No Return for Russian Gas". Retrieved 31 January 2023.
^"Facts & Figures". Nord Stream AG. Retrieved 2007-11-06.
^ (Press release). Gazprom. 2007-11-06. Archived from the original on 2008-03-04. Retrieved 2010-10-09.
nord, stream, consortium, construction, operation, nord, stream, submarine, pipeline, between, vyborg, russia, greifswald, germany, consortium, incorporated, switzerland, november, 2005, original, name, company, north, european, pipeline, company, company, ren. Nord Stream AG is a consortium for construction and operation of the Nord Stream 1 submarine pipeline between Vyborg in Russia and Greifswald in Germany The consortium was incorporated in Zug Switzerland on 30 November 2005 The original name of company was the North European Gas Pipeline Company The company was renamed to Nord Stream AG on 4 October 2006 Nord is German for North Nord Stream AGNord Stream head office building in ZugTypeJoint stock companyIndustrynatural gasFounded30 November 2005HeadquartersZug SwitzerlandServicesnatural gas transportationWebsitewww wbr nord stream wbr comSince the first gas delivery in 2011 the company has transported over 450 billion cubic metres of natural gas to Europe In 2020 the German Federal Network Agency highlighted again the Nord Stream Pipeline s contribution to security of energy supply in Europe citation needed Gas deliveries ceased in September 2022 following the destruction of three of the pipe lines and sanctions linked to the Russian invasion of Ukraine 1 Shareholders EditThe shareholders of Nord Stream AG are 2 3 Gazprom International Projects LLC 51 Wintershall Dea AG 15 5 PEG Infrastruktur AG a subsidiary of E ON Beteiligungen 15 5 N V Nederlandse Gasunie 9 Engie 9 On 1 March 2010 French energy company GDF Suez changed name to Engie in 2015 signed with Gazprom a memorandum of understanding to acquire 9 stake in the project Accordingly the stakes of Wintershall and E ON fell by 4 5 to 15 5 4 References Edit Shutting Down Nord Stream Marks the Point of No Return for Russian Gas Retrieved 31 January 2023 Facts amp Figures Nord Stream AG Retrieved 2007 11 06 Gazprom and Gasunie sign agreement on cooperation within Nord Stream and BBL projects Press release Gazprom 2007 11 06 Archived from the original on 2008 03 04 Retrieved 2010 10 09 Muriel Boselli 2010 03 01 GDF Suez Gazprom sign Nord Stream pipeline deal Reuters Retrieved 2010 03 01 External links EditNord Stream AG official website English Russian German Retrieved from https en wikipedia org w index php title Nord Stream AG amp oldid 1136645230, wikipedia, wiki, book, books, library,
