Investing.com - A management committee of Gazprom (MCX:GAZP), the Russian oil and gas conglomerate, is reporting that basic engineering is now underway for the Nord Stream 2 gas pipeline's offshore and landfall sections in Germany and Russia.
Additionally, the company said geotechnical surveys are being completed in the Bay of Greifswald’s offshore and onshore areas the pipeline traverses.
A pair of National Environmental Impact Assessment (EIA) reports are also under development, along with a comprehensive EIA report, according to the company.
Other news for the project, according to the company, includes:
-- This month, Nord Stream 2 AG and Allseas signed a "Letter of Intent" for laying the first offshore section of the pipleline, with the option to collaborate in the future.
-- This fall, the project operator Nord Stream 2 AG signed a contract with a subsidiary of Wasco Group for concrete weight coating, logistics, as well as storage of manufactured piping.
-- Pipes manufactured by United Metallurgical Company and Chelyabinsk Pipe Rolling Plant were delivered this past fall to the coating plant in Finland.
-- Pipes produced by Germany’s Europipe GmbH arrived at a coating facility in Germany, also during the fall.
The Nord Stream 2 is the construction of a two-string gas pipeline with the annual capacity of "55 billion cubic meters" running from Russia to Germany across the Baltic, according to the company.