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Energy for Europe's Future ENERGY FOR EUROPE’S FUTURE Nord Stream 2: Energy for Europe’s Future | A NEW BALTIC SEA PIPELINE ord Stream 2 plans to build route today. The following pages provide a new pipeline through the information about the Nord Stream 2 Baltic Sea that will transport project. It explains how we will deliver Nnatural gas from the world’s an underwater pipeline, and defines the largest gas reserves in Russia to homes steps being taken not only to ensure and businesses across Europe. Our vision that the pipeline will be built with as little is to create reliable infrastructure that impact on the environment as possible, can enhance Europe’s energy security, but that it will operate safely for years whilst fulfilling the highest standards for to come. Nord Stream 2 will be an Matthias Warnig safety and environmental protection. important gas supply route for Europe, As European production decreases and Chief Executive Officer powering Europe’s future. Nord Stream 2 AG demand for gas continues to grow, Nord Stream 2 will deliver additional The Nord Stream 2 team has a great transportation capacity and provide deal of experience in planning and Europe with a secure and robust gas constructing pipelines and transporting supply long into the future. gas reliably and safely to the markets where it is needed. The support of Building an offshore pipeline through to the views of many countries whose leading European energy companies the Baltic Sea is a significant engineering waters the pipeline passes through, as and suppliers brings further world-class challenge that benefits hugely from well as their neighbours who also have expertise and access to advanced the proven experience and success of an interest in this new infrastructure. pipeline technology and materials. the Nord Stream project. Nord Stream This knowledge is a huge asset as we was an EU project of common interest, deliver a new pipeline, but it is only the delivered under TEN-E status as trans- beginning. Before construction of the European energy infrastructure. From Nord Stream 2 Pipeline system begins, several years of monitoring, we know that there will be further environmental studies a Baltic Seapipeline can be constructed to understand any recent changes in and operatedwithout any significant or the environmental context, as well as a lasting environmental impact. We have dedicated permitting and consultation researched and optimised the most process to gain feedback from the suitable pipeline route, and listened people living in countries bordering the Matthias Warnig 3 | | Nord Stream 2: Energy for Europe’s Future CONTENTS 10 –11 Nord Stream – A proven route, a proven approach 06 – 07 Safeguarding European energy security 08–09 Enhancing the natural gas market 12 –15 Meeting Europe’s energy needs | 4 16 –17 A connected NORWAY IRELAND Europe UNITED KINGDOM SWEDEN NETHERLANDS DENMARK BELGIUM GERMANY PORTUGAL FRANCE FINLAND RUSSIA SWITZERLAND SPAIN ESTONIA MOROCCO LATVIA ITALY POLAND AUSTRIA LITHUANIA ALGERIA SLOVENIA Nord Stream 2: Energy for Europe’s Future CZECHIA LIBYA Building20– an undersea 21 CROATIA SLOVAKIA UKRAINE SERBIA highway HUNGARY BULGARIA GREECE ROMANIA AZERBAIJAN via TURKEY | 18 –19 An optimal route 22– 23 sensitive environment Protecting a 24– 25 a strongBuilding heritage on 5 | | Nord Stream 2: Energy for Europe’s Future SAFEGUARDING EUROPEAN ENERGY SECURITY ecuring access to natural gas for households and industry is a high priority in the European S Union. With Europe’s own gas resources depleting and/or difficult 2.2 million km and uneconomic to reach, European “ suppliers need secure gas imports in the long term to ensure global industrial of pipelines competitiveness and meet domestic demand. Under the EU’s environmental cross Europe ” commitments, availability must also be matched with sustainability. Natural Eurogas 2016 gas, as an abundant and flexible fuel, is a cost-effective way to achieve the climate protection targets. The Nord Stream 2 Pipeline is a timely and environmentally- sound solution to bringing large volumes of natural gas to Europe. Pipelines have supplied energy for decades because they are the safest The decision to build Nord Stream 2 to consumers in Europe. The proposed and most economical way to transport stems from many years of research route through the Baltic Sea – gas over long distances. Currently, there and studies into Europe’s energy starting on Russia’s Baltic coast and are approximately 2.2 million kilometres import requirements, existing capacity, coming ashore near Greifswald in of pipeline running through the sea and environmental considerations, route Germany – is the most direct connection landscapes, connecting gas production planning and optimisation. These and has many environ-mental in and around Europe with the local studies demonstrated the benefit to advantages. The route has been tested consumers. However, new import routes Europe and the commercial viability of and proven through the construction and are still necessary to meet Europe’s a major pipeline link from the world’s operation of the existing Nord Stream rising import needs. largest gas reserves in northern Russia system. | 6 Nord Stream 2: Energy for Europe’s Future | German landfall for the existing Nord Stream Pipeline Nord Stream 2 will run The privately-financed Nord Stream 2 within the EU’s internal energy market. from Russia’s Baltic coast to the German Pipeline will deliver modern gas-trans- Adding a new trunk line is therefore coast near Greifswald port ation infrastructure and enhance expected to stimulate the development and largely follow the route of the existing European energy security. In a challenging of new connections between countries Nord Stream Pipeline. economic climate, this investment presents to manage the onward transportation of an opportunity for Europe to further the gas across Europe. Nord Stream 2 strengthen its gas supply infrastructure. will strengthen the transmission network, ensuring that Europe enjoys a robust Once gas lands in Europe, it can – in gas supply, even at demand peaks, now the future – be transported anywhere and in the future. 7 | ENHANCING THE NATURAL GAS MARKET The EU’s domestic gas production is in rapid decline. To meet demand, it needs reliable, affordable and sustainable new gas supplies. The Nord Stream 2 natural gas pipeline will transport gas from the world’s largest reserves in Russia to the EU internal market. With capacity to sup- ply up to 26 million households, Nord Stream 2 will substantially enhance the EU’s long-term energy security and help maintain its competitiveness. Europe faces an import gap as demand outstrips supply EU domestic gas production is set to fall 50 percent in the next 20 years, as ageing assets are retired and hard-to-reach gas in the North Sea becomes uneconomic, particularly at a time of low energy prices. The EU therefore needs to import more affordable gas to meet its needs. Source: Based on Prognos 2017. Total demand includes all gas sourced from the European market, EU countries, plus Switzerland and western imports by Ukraine. ~ 15 % EU 28 production Additional imports to be secured ~ 30 % EU 28 production 2015 2035 ~ 20 % Imports 491 bcm 489 bcm from Norway ~ 45 % ~25 % ~ 65 % Imports from Imports Imports from outside of Europe from Norway outside of Europe incl. declining imports from North Africa Complementing existing supply routes The existing Nord Stream Pipeline already runs at near full capacity – reliably handling the temporary demand peaks of today’s Proven Natural consumers. But with a growing import gap, Gas Reserves the EU needs to further strengthen and Source: BGR Energiestudie 2016 diversify its import capacities to meet future demand. Nord Stream 2 will supplement existing supply routes and, together with other new additions such as increased LNG shipments and the Southern Corridor, help to reduce the import gap. Strengthening the EU’s transmission network Nord Stream 2 will stimulate the development of onshore infrastructure to transport gas from the pipeline across Europe. This will include inter-country connections and reverse flows, which will help to bring the benefits of the internal market to more consumers. 1,500 bcm 1,900 bcm 47,800 bcm EU Norway Russia ENHANCING THE NATURAL GAS MARKET Nord Stream Nord Stream 2 Gaspool Supplying the EU’s internal energy market Once gas lands in Germany, it can – in the future – flow anywhere in the EU’s internal energy market via the different hubs. For example, it will flow from the German Gaspool hub to neighbouring hubs, such as in the Netherlands and Belgium, boosting available gas supplies there. It will also flow to the Austrian hub, Central European boosting liquidity and competitiveness in Gas Hub the southern, central and eastern EU. A direct connection Nord Stream 2 will provide a direct link between northern Russian gas reserves and European gas consumers, via the 1,230 km shortest possible route through the Baltic Sea. It will build on the success of the existing Nord Stream Pipeline, continuing over 40 years of EU-Russian energy cooperation. Lower-carbon fuel The EU must reduce its CO2 emissions 40 percent by 2030 from 1990 levels. Renewable energy holds great promise, but is not yet sufficiently scalable, reliable or affordable. Natural gas is therefore in demand as a lower-carbon fossil fuel that Countries outside the European Union is flexible for use in power, heating, Nord Stream Pipeline in operation transport and chemical feedstock. CO CO2 Planned Nord Stream 2 Pipeline Electricity generation from gas-fired ² Indicative direction of onward transportation power plants produces up to 50 percent Virtual trading point less CO2 than coal-fired plants. bcm Billion cubic metres | Nord Stream 2: Energy for Europe’s Future NORD STREAM — A PROVEN ROUTE, A PROVEN APPROACH At a glance he Nord Stream twin pipeline set a new benchmark for Nord Stream 2 will European infrastructure build on the experience of projects in terms of safety, the Nord Stream Pipeline, T environmental protection, international an EU project of common collaboration, public consultation, and interest which has been fully efficient delivery.
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