The Nord Stream pipeline transported a volume of 59.2 bcm of natural gas to Europe in 2021 (stable compared to 2020). The Nord Stream twin pipeline system, which comprise two 1,224-km offshore pipelines with a combined capacity of 55 bcm/year, runs from Vyborg (Russia) to Lubmin near Greifswald (Germany). The system was built and is operated by Nord Stream AG, a Swiss company owned by Gazprom (51%), Wintershall Dea (15.5%), E.ON (15.5%), Gasunie (9%) and Engie (9%).
The construction of the €9.5bn (US$11bn) Nord Stream 2 gas pipeline, which aims at doubling the throughput of the current Nord Stream gas pipeline from 55 bcm/year to 110 bcm/year, was completed in September 2021. The project is awaiting an operating licence from the German energy regulator Federal Network Agency (Bundesnetzagentur or BNetzA) and from the European Union, in a context of political tensions over Ukraine; the BNetzA expects full certification of the project in the second half of 2022 at the earliest.