TEKMOR Note: The full Speech by Alexey Miller at conference call on occasion of New Year’s Eve can be found at the link below.
We intend to proceed with this work in 2017, which means that a new powerful gas transmission corridor will emerge on Russia's gas map. It will largely reshape gas flows as regards Russian consumers and international markets. Among other things, by expanding the northern corridor and gradually constructing new facilities in the northwestern part of the Unified Gas Supply System, we are building up capacities for gas deliveries via the offshore Nord Stream 2 gas pipeline.
The Nord Stream 2 project is running strictly on schedule. The gas pipeline will be brought online in late 2019. I am absolutely convinced that we will put onstream new gas export capacities in a timely manner and in full. The amount of gas to be supplied across the Baltic Sea via Nord Stream and Nord Stream 2 will total 110 billion cubic meters per year.
