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Fact-Checking Myths
Nord Stream 2 is a complex project that involves discussion of many issues, including energy security,
environmental protection, international relations and market dynamics. We already provide a vast trove
of information (https://www.nord-stream2.com/media-info/documents/) and present the project in
hundreds of events, hearings and conferences.
But there is still a lot of misinformation, deliberately repeated by political opponents and commercial
competitors.
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The European industry and energy sectors disagree: Gas production in the EU is in
decline, and this needs to be compensated for with new imports. And these
imports need to be competitive. The chemical sector with more than one million
employees, for example, is highly dependent on a secure and competitive energy
supply. Nord Stream 2 is one part of the solution, as are LNG supplies from around
the world. The average utilisation of some 22 LNG terminals in the EU is around
just 27% (see market study on EU LNG infrastructure
(http://www.teamconsult.net/news/files/European_LNG_Regas_Infrastructure.pdf)),
but no one questions their existence or the wisdom of EU taxpayer support for
more LNG terminals.
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The pipeline is being laid at a rate of up
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to 3 km per day
Pipe lay vessels act as floating factories, welding and
testing pipe sections before joining them onto the main
pipe string. Pipe sections must be delivered to the
vessels in time to maintain the 24 hour production
schedule.
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The pipeline will transport enough gas
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to supply 26 million households
Nord Stream 2 can make a major contribution to EU
energy security, but further additional supplies will be
needed to fill the future gap between supply and demand
in the EU. The new pipeline will supplement existing
transport routes and complement other new gas supplies
such as liquid natural gas (LNG) and the Southern
Corridor.
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One of the longest offshore gas
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pipelines in the world
Nord Stream 2 will travel through the Baltic Sea, starting
from the coast of Russia and reaching landfall near
Greifswald in Germany. It will run roughly parallel to the
existing Nord Stream pipeline.
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By 2035, the EU will need to import
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about 120 bcm more gas per year
The production outlooks of major gas producers such as
Netherlands and UK, as well as Norway, are falling. At
the same time, demand for gas is expected to continue,
owing to its lower carbon qualities. This means that the
EU will need to import more gas. Nord Stream 2 will have
the capacity to meet about one third of the EU’s import
requirement.
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Proportion of Russian gas in total EU
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energy consumption
Nord Stream 2 builds on over 40 years of EU-Russian
energy co-operation. Russia is the world’s biggest gas
exporter and major long-term investments mean Russian
reserves are amongst the most cost-effective sources to
supply Europe. The EU has a diverse energy mix and
natural gas from Russia makes up only a small portion of
total energy supplies.
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