What are the Nord Stream 1 & 2 pipelines?
Did you know that Russia fulfills nearly 40 per cent of the European Union’s natural gas requirement? And this gas reaches European shores through a 1222-km long pipeline passing through Baltic Sea. Called Nord Stream 1, this pipeline stretches from St Petersburg to north-eastern Germany. And another pipeline, called Nord Stream 2, was under-construction.
Who controls Nord Stream 1?
Nord Stream AG owns and runs Nord Stream 1. And Russian state company Gazprom holds a majority stake in it. So, in a way, the Russian government controls the gas and the pipeline.
Why is it in the news?
