CG/LA Infrastructure is excited to announce the participation of the Nord Stream AG Natural Gas pipeline project, valued at US$10.11 billion, at the 4th Annual Global Infrastructure Leadership Forum to be held from January 19-21 in New York City.
Nord Stream is a joint project of five major companies: OAO Gazprom, BASF SE/Wintershall Holding GmbH, E.ON Ruhrgas AG, N.V. Nederlandse Gasunie and GDF SUEZ S.A.
The combined experience of these energy companies ensures the best technology, safety and and corporate governance for this project, which aims to provide a secure supply of energy for Europe.
Nord Stream will be 1,224 kilometers long and will consist of two parallel lines.
The first one, with a transmission capacity of around 27.5 billion cubic meters a year is due for completion in 2011.
The second line is due to be completed in 2012, doubling annual capacity to around 55 billion cubic meters.
This is enough to supply more than 26 million households in Europe.
Other projects include:
* Atlantic Wind Connection (Azerbaijan-Georgia- Turkey)
* Crossrail (United Kingdom)
* Transbay Terminal (USA)
* Baku- Tbilisi-Kars Line (Georgia)
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Source: CG/LA Infrastructure, November 24, 2010