Cambridge Forecast Group Blog

Russo–German gas pipeline or the Baltic Sea gas

pipeline

Nord Stream (Russian: Severnyy potok, German: Nordeuropäische Gasleitung, Polish: Gazociąg Północny; former names: North Transgas and North European Gas Pipeline; also known as the Russo–German gas pipeline or the Baltic Sea gas pipeline) is a planned natural gas pipeline from Russia to Germany by the company Nord Stream AG. The name of Nord Stream refers usually to the offshore pipeline between Vyborg, Russia, and Greifswald, Germany, but sometimes it may have wider meaning, which includes the onshore pipeline in Russia and further connections in Western Europe.

The project, which is promoted by Russia and Germany, is seen as controversial both for environmental concerns and national security risks in some countries such as Poland and the Baltic states, which favour overland pipelines across their countries’ territories.

Nord Stream AG

Nord Stream AG is a consortium for construction and operation of the planned Nord Stream 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.

Shareholders

The shareholders of Nord Stream AG are:^[1][2]

• Gazprom – 51%

• Wintershall – 20%

• E.ON Ruhrgas – 20%

• N.V. Nederlandse Gasunie – 9%

The agreement to take N.V. Nederlandse Gasunie to the consortium as the fourth partner, was signed on 6 November 2007.^[3] On 10 June 2008, Gasunie was included in the register of shareholders.^[4]

Shareholders committee

The members the committee are:

• Gerhard Schröder, former Chancellor of the Federal Republic of Germany -Chairman of the Committee

• Alexei Miller, Chairman of the Board of Executive Directors of OAO Gazprom

• Alexander Medvedev, Deputy Chairman of the Board of Executive Directors of OAO Gazprom and Director-General of OOO Gazprom Export

• Vlada Russakova, member of the Board and Head of Strategic Development at OAO Gazprom

• Nikolai Dubik, Member of the Management Committee and Head of the Legal Department of OAO Gazprom.

• Eggert Voscherau, Deputy Chairman of the Board of Executive Directors and Director of Personnel of BASF AG

• Reinier Zwitserloot, Chairman of the Management Board of Wintershall AG

• Burckhard Bergmann, member of the Management Board of E.ON AG and Chairman of the Management Board of E.ON Ruhrgas AG

• Hans-Peter Floren, Chairman of E.ON Ruhrgas Transport AG & Co. KG.

• Marcel P. Kramer, Chairman of the Executive Board and CEO of N.V. Nederlandse Gasunie, and Nikolai Dubik, Member of the

Management

The Managing Director of Nord Stream AG is Matthias Warnig, former Chairman of the Board of Directors of Dresdner Bank ZAO, Dresdner Bank Russian subsidiary. Sergei Serdyukov from Gazprom serves as director for Technology, Paul Corcoran from Wintershall is director for Finance, and Henning Kothe from E.ON is director for Commercial Operations. The manager of Nord Stream AG’s Moscow office is Vitaly Yusufov from Gazprom.

References

1. “Facts & Figures“. Nord Stream AG. Retrieved on 2007-11-06.

2. “Gazprom and Gasunie sign agreement on cooperation within Nord Stream and BBL projects“. Gazprom (2007-11-06). Retrieved on 2007-11-06.

3. Lucian Kim, Greg Walters (2007-11-06). “Gazprom Picks Dutch Company for Northern Gas Pipeline“, Bloomberg. Retrieved on 10 November 2007.

4. “Gasunie joins Nord Stream as shareholder“, RBC (2008-06-20). Retrieved on 23 June 2008.

Russo–German gas pipeline or the Baltic Sea gas pipeline