The 7.4-billion-euro ($10.1 billion) 1,220-kilometre (760-mile) pipeline aims to deliver 55 billion cubic metres of gas per year, linking Russia's Vyborg, a city 130 km northwest of Saint Petersburg, to the German city of Greifswald. - File photo

MOSCOW: Prime Minister Vladimir Putin said that Russia would begin pumping the first gas through the long-awaited Nord Stream pipeline on Tuesday so that European clients could receive gas next month or in November.

“Tomorrow we will start pumping technical gas near Vyborg,” Putin said on Monday at a meeting of his governing United Russia party, referring to gas needed to start energy supplies.

The 7.4-billion-euro ($10.1 billion) 1,220-kilometre (760-mile) pipeline aims to deliver 55 billion cubic metres of gas per year, linking Russia's Vyborg, a city 130 km northwest of Saint Petersburg, to the German city of Greifswald.

Constructed under the Baltic, the pipeline will run past the coasts of Finland, Sweden and Denmark.

One of Putin's pet projects, the pipeline, which is led by Russia's state-run energy giant Gazprom in partnership with Germany's E. On Ruhrgas and BASF-Wintershall, is meant to help avoid a repetition of recent supply problems.

The project was heavily backed by former German chancellor Gerhard Schroeder and now sees the Putin ally chair the Nord Stream shareholders' committee.

“Gradually, in a calm manner we are departing from the diktat of transit states,” Putin said in televised remarks, speaking from the city of Cherepovets in north-western Russia.—AFP

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Wheat price crash
Updated 20 May, 2024

Wheat price crash

What the government has done to Punjab’s smallholder wheat growers by staying out of the market amid crashing prices is deplorable.
Afghan corruption
20 May, 2024

Afghan corruption

AMONGST the reasons that the Afghan Taliban marched into Kabul in August 2021 without any resistance to speak of ...
Volleyball triumph
20 May, 2024

Volleyball triumph

IN the last week, while Pakistan’s cricket team savoured a come-from-behind T20 series victory against Ireland,...
Border clashes
19 May, 2024

Border clashes

THE Pakistan-Afghanistan frontier has witnessed another series of flare-ups, this time in the Kurram tribal district...
Penalising the dutiful
19 May, 2024

Penalising the dutiful

DOES the government feel no remorse in burdening honest citizens with the cost of its own ineptitude? With the ...
Students in Kyrgyzstan
Updated 19 May, 2024

Students in Kyrgyzstan

The govt ought to take a direct approach comprising convincing communication with the students and Kyrgyz authorities.