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

Taxing pensions
Updated 11 May, 2024

Taxing pensions

Tax reforms have failed to deliver because of distortions created by the FBR bureaucracy through SROs, apparently for personal gains.
Orwellian slide
11 May, 2024

Orwellian slide

IN recent years, Pakistan has made several attempts at introducing an overarching mechanism through which to check...
Terror against girls
11 May, 2024

Terror against girls

ONCE again, the ogre of terrorism is seeking the sacrifice of schoolgirls. On Wednesday, just days after the...
Enrolment drive
Updated 10 May, 2024

Enrolment drive

The authorities should implement targeted interventions to bring out-of-school children, especially girls, into the educational system.
Gwadar outrage
10 May, 2024

Gwadar outrage

JUST two days after the president, while on a visit to Balochistan, discussed the need for a political dialogue to...
Save the witness
10 May, 2024

Save the witness

THE old affliction of failed enforcement has rendered another law lifeless. Enacted over a decade ago, the Sindh...