Nord Stream has surpassed competitors

The gas pipeline proved to be better than the analogues for unit costs.
Gazprom first disclosed the cost of building gas pipelines on the territory of the Russian Federation to supply gas to the future Nord Stream 2 - it will amount to 479 billion rubles. in prices at the beginning of 2015. Thus, now it is possible to estimate the volume of investments in the entire pipeline project to deliver 55 billion cubic meters of gas per year from Siberia to Germany:. At the moment it is about € 22 billion interlocutors "Kommersant" noted that the specific costs of the project seems to be more effective than its competitors, but for a long time ties Gazprom to the EU market.

"Gazprom" in the traditional disclosure of information on major infrastructure projects has published data on the cost of the gas pipeline Gryazovets-COP "Slavic", which will link the Unified Gas Supply System (UGS) of the Russian Federation with the future gas export pipeline Nord Stream 2 (about the environmental complexities of the ground part of the pipe cm. 4). In prices at the beginning of 2015, the ground gas pipeline for 60 billion cubic meters per year with a length of 1,546 km and three compressor stations (COP, capacity of 1520 MW) will cost 479 billion rubles. If you index the amount of inflation for three years, by early 2018 it will amount to 596.5 billion rubles. Terms of construction - 2017-2021, based on the experience of laying the Gryazovets-Vyborg line, the gas supply can begin for a year and a half before the construction is completed (at the last stage, the capacity of the compressor station is increased).

Now Gazprom is engaged in almost a twofold expansion of the capacities created initially for gas supplies to the first Nord Stream. The site from Gryazovets to the Baltic was the only one, according to which Gazprom had not yet published an approximate estimate. Now it is possible to estimate the entire project to expand the system for the Nord Stream 2, starting from Ukhta, where gas is supplied from both the traditional mining region - the Nadym-Pur-Taz and from new fields in the Yamal Peninsula (primarily Bovanenkovo). The expansion of the UGSS from Ukhta to Gryazovets (Ukhta-Torzhok-2, 970 km) was estimated by Gazprom at 217 billion rubles. in prices at the beginning of 2010 (according to the estimates of Kommersant, now it is 384.4 billion rubles, including inflation). Needless construction Nord Stream 2 (1200 km) from the COP "Slavic" to Greifswald, Germany is estimated at € 8 billion. Thus, at the current rate the entire project to deliver gas from Western Siberia and Yamal to Germany can be estimated at € 22,2 billion , or about € 400 per 1,000 cubic meters.

The interlocutors of Kommersant note that the significant pipe diameter and high pressure provide this route with greater efficiency than alternative options for gas supply to Europe. No one builds gas pipelines of comparable capacity to Europe, except Russia, but there is, for example, the TAP-TANAP system for the delivery of Azerbaijani gas to Turkey and the EU. Its length is about 2.7 thousand km, capacity is 16 billion cubic meters per year in Turkey, 10 billion cubic meters in Greece and 8 billion cubic meters in Italy. The cost of TAP-TANAP - about € 11.5 billion from € 16.7 billion for the comparable portion of the length of the Gryazovets-Greifswald, despite the fact that Nord Stream 2 will be able to deliver up to five times more gas.

Another option for shipments to Europe is the dispatch of liquefied natural gas (LNG). The cost of the first large LNG plant in the US Sabine Pass (probably the most efficient) should be approximately $ 20 billion (€ 16.4 billion) with the output of five lines of 25 million tons of LNG per year (32.5 billion cubic meters of gas). That is, specific investments amount to about € 500 per 1,000 cubic meters. For other American LNG plants, specific investment is already much higher. For example, for a partially launched project Corpus Christi, they are on the first two lines approaching € 700 per 1,000 cubic meters. At the same time, by the standards of the LNG industry, such costs are very low: for example, for the Yamal LNG plant of NOVATEK, they are about € 1 thousand per 1,000 cubic meters. At the same time, Kommersant's interlocutors note that LNG has an important advantage - the possibility of redirecting supplies more attractive at the moment to consumers, and gas pipelines tie Gazprom to the European market.