Nord Stream 2 AG Built Over 150 Miles Of Gas Pipeline - Operator

MOSCOW (UrduPoint News / Sputnik - 21st November, 2018) Nord Stream 2 AG, a Swiss-based firm behind the construction of Gazprom's gas pipeline across the Baltic Sea, has laid about 250 kilometers (155 miles) of pipes, company spokesman Jens Mueller told Sputnik.

"As of now, the company built about 250 kilometers of the pipeline," Mueller said.

Nord Stream 2 is a joint venture of Gazprom and five European companies. It aims to deliver 55 billion cubic meters of Russian natural gas annually to the European Union across the Baltic Sea to Germany.

The pipeline project has been welcomed by some countries in Europe and opposed by others, fearing that it might increase their dependence on Russian gas.

The project's estimated cost is 9.5 billion Euros ($10.9 billion). Gazprom's European partners � France's Engie, OMV, Royal Dutch Shell and Germany's Uniper and Wintershall � pledged to finance 50 percent of the project. The pipeline is expected to be put into operation by the end of 2019.