Russian gas producer Gazprom said today that the Nord Stream 2 pipeline, which is under construction, is expected to transport 5.6 billion cubic meters of Russian natural gas this year.
The $11 billion Nord Stream 2 pipeline is designed to bypass Russia's political rival Ukraine and double the capacity of the existing Nord Stream pipeline of 110 billion cubic meters annually, a focal point of tension between Moscow and Washington.
Sanctions imposed by the United States at the end of 2019, political tension and Washington's plans to increase sales of liquefied natural gas to Europe by sea have hampered construction of the pipeline that runs under the sea to Germany, according to Reuters. But it is now 99 percent complete.
Gazprom also said today that gas flows through the Nord Stream pipeline amounted to 33.7 billion cubic meters in the January-July period, up from 32.9 billion cubic meters in the same period last year and 31.7 billion in the first seven months of 2019.