Nord Stream is a gas pipeline to link Russia and the European Union via the Baltic Sea. It will carry natural gas to supply both businesses and households, and its owners say the new pipeline will be an important factor in the provision of energy security in Europe.
Nord Stream will transport up to 55 billion cubic meters of gas per year, which is enough to supply more than 20 million households. It will act as a new channel for Russian natural gas exports, and represents a major infrastructure project that sets a new benchmark in EU-Russia cooperation, according to its owners.
Gazprom has a 51% stake in the new pipeline company, while BASF subsidiary Wintershall and E.ON subsidiary E.ON Ruhrgas each hold 24.5%.
