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

Plugging the gap
06 May, 2024

Plugging the gap

IN Pakistan, bias begins at birth for the girl child as discriminatory norms, orthodox attitudes and poverty impede...
Terrains of dread
06 May, 2024

Terrains of dread

KARACHI, with its long history of crime, is well-acquainted with the menace. For some time now, it has witnessed...
Appointment rules
06 May, 2024

Appointment rules

IT appears that, despite years of wrangling over the issue, the country’s top legal minds remain unable to decide...
Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....