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{{short description|Operators of the Nord Stream 1 pipeline}}
{{short description|Operators of the Nord Stream 1 pipeline}}
{{Infobox company
{{Infobox company
| name = Nord Stream AG
| name = Nord Stream AG
| logo = Nord Stream logo.jpg
| logo = Nord Stream logo.jpg
| logo_size = 200px
| logo_size = 200px
| image = Nord-Stream-Office-Zug.jpg
| image = Nord-Stream-Office-Zug.jpg
| image_caption = Nord Stream head-office building in [[Zug]]
| image_caption = Nord Stream head-office building in [[Zug]]
| type = [[Joint stock company]]
| type = [[Joint stock company]]
| foundation = 30 November 2005
| foundation = 30 November 2005
| location = [[Zug]], [[Switzerland]]<br/>Branch office: [[Moscow]], [[Russia]]
| location = [[Zug]], [[Switzerland]]
⚫
| industry = [[oil and gas|Natural gas]]
| key_people = [[Matthias Warnig]] ([[Chief Executive Officer|CEO]])<br>[[Gerhard Schröder]] (Chairman of the Board)
⚫
| services = Natural gas transportation
| num_employees = 70 (2006)
⚫
| industry = [[oil and gas|natural gas]]
⚫
| services = natural gas transportation
| revenue =
| revenue =
⚫
| homepage = {{URL|www.nord-stream.com}}
| parent = [[Gazprom]] (51%)<br/>[[Wintershall]] (15.5%)<br/>[[Uniper|PEG Infrastruktur AG]] (15.5%)<br/>[[Gasunie|N. V. Nederlandse Gasunie]] (9%)<br/>[[Engie]] (9%)
⚫
| homepage = {{url|www.nord-stream.com}}
}}
}}


'''Nord Stream AG''' is a [[consortium]] for construction and operation of the [[Nord Stream]] (Nord Stream 1) submarine pipeline between [[Vyborg]] in [[Russia]] and [[Greifswald]] in [[Germany]]. The consortium was incorporated in [[Zug]], [[Switzerland]], on 30 November 2005. The original name of company was the North European Gas Pipeline Company. The company was renamed to Nord Stream AG on 4 October 2006. Its sister company '''Nord Stream 2 AG''' has the same headquarters and management but it is wholly owned by [[Gazprom]].
'''Nord Stream AG''' is a [[consortium]] for construction and operation of the [[Nord Stream 1]] submarine pipeline between [[Vyborg]] in [[Russia]] and [[Greifswald]] in [[Germany]]. The consortium was incorporated in [[Zug]], [[Switzerland]], on 30 November 2005. The original name of company was the North European Gas Pipeline Company. The company was renamed to Nord Stream AG on 4 October 2006 ("Nord" is German for "North").


Since the first gas delivery in 2011, the company has transported over 450 billion cubic metres of natural gas to Europe. In 2020, the German Federal Network Agency highlighted again the Nord Stream Pipeline's contribution to security of energy supply in Europe.{{citation needed|date=August 2022}}
⚫
==Shareholders==
The shareholders of Nord Stream AG are:<ref name="nordstream1">{{cite web | publisher= Nord Stream AG | title = Facts & Figures | url= http://www.nord-stream.com/facts_figures.html?&L=0 | accessdate=2007-11-06}}</ref><ref name="gazprom1">
{{cite press release
| publisher= [[Gazprom]]
| title = Gazprom and Gasunie sign agreement on cooperation within Nord Stream and BBL projects
| url= http://gazprom.com/press/news/2007/november/article64029/
| date = 2007-11-06
| accessdate=2010-10-09
|archiveurl = https://web.archive.org/web/20080304135405/http://www.gazprom.com/eng/news/2007/11/25932.shtml
|archivedate = 2008-03-04}}
</ref>


Gas deliveries ceased in September 2022 following the destruction of [[2022 Nord Stream pipeline sabotage|three of the pipe lines]] and sanctions linked to the [[Russian invasion of Ukraine]].<ref>{{cite web |title=Shutting Down Nord Stream Marks the Point of No Return for Russian Gas |url=https://carnegieendowment.org/politika/87837 |access-date=31 January 2023}}</ref>
⚫
* [[Gazprom]] - 51%
⚫
* [[Wintershall Dea]] - 15.5%
⚫
* [[PEG Infrastruktur AG]], a subsidiary of [[E.ON Beteiligungen]] - 15.5%
⚫
* [[Gasunie|N.V. Nederlandse Gasunie]] - 9%
* [[Engie]] - 9%


⚫
==Shareholders==
⚫
On 1 March 2010, French energy company [[GDF Suez]] (changed name to Engie in 2015) signed with Gazprom a memorandum of understanding to acquire 9% stake in the project. Accordingly, the stakes of Wintershall and E.ON fell by 4.5% to 15.5%.<ref name=reuters010310>
The shareholders of Nord Stream AG are:<ref name="nordstream1">{{Cite web |title=Facts & Figures |url=http://www.nord-stream.com/facts_figures.html?&L=0 |publisher=Nord Stream AG |accessdate=2007-11-06}}</ref><ref name="gazprom1">{{Cite press release |title=Gazprom and Gasunie sign agreement on cooperation within Nord Stream and BBL projects |date=2007-11-06 |publisher=[[Gazprom]] |url=http://gazprom.com/press/news/2007/november/article64029/ |accessdate=2010-10-09 |archiveurl=https://web.archive.org/web/20080304135405/http://www.gazprom.com/eng/news/2007/11/25932.shtml |archivedate=2008-03-04}}</ref>
{{cite news
| url = http://uk.reuters.com/article/idUKLDE62016F20100301?sp=true
| title = GDF Suez, Gazprom sign Nord Stream pipeline deal
| publisher = [[Reuters]]
| author = Muriel Boselli
| date = 2010-03-01
| accessdate = 2010-03-01}}
</ref>

==Board==
The members of the board are:


* [[Gazprom international projects|Gazprom International Projects LLC]], a subsidiary of [[Gazprom]] – 51%
*[[Gerhard Schröder]], former [[Chancellor of Germany]] (1998–2005), former [[Prime Minister of Lower Saxony]] (1990–1998), chairman of the Board
⚫
* [[Wintershall Dea]] AG – 15.5%
*[[Oleg Aksyutin]], head of the Gas Transportation, Underground Storage and Utilization Department of Gazprom
⚫
* [[PEG Infrastruktur AG]], a subsidiary of [[Ruhrgas|E.ON Beteiligungen]] – 15.5%
*[[Alexander Medvedev]], Deputy Chairman of the Board of Executive Directors of Gazprom
⚫
* [[Gasunie|N.V. Nederlandse Gasunie]] – 9%
*[[Hans-Ulrich Engel]], Member of the Board of Executive Directors of BASF SE
⚫
* [[Engie]] – 9%
*[[Han Fennema]], Chairman of the executive board, CEO of N.V. Nederlandse Gasunie
*[[Isabelle Kocher]], chief executive officer of Engie
*[[Vitaly Markelov]], Deputy Chairman of the Management Committee of Gazprom
*[[Mario Mehren]], chairman of the Board of Directors of Wintershall
*[[Pavel Oderov]], Head of Department of Gazprom
*[[Marc Spieker]], Member of the Board of Management of E.ON
*[[Johannes Teyssen]], chairman of the Board of Management of E.ON


⚫
On 1 March 2010, French energy company [[GDF Suez]] (changed name to Engie in 2015) signed with Gazprom a memorandum of understanding to acquire 9% stake in the project. Accordingly, the stakes of Wintershall and E.ON fell by 4.5% to 15.5%.<ref name="reuters010310">{{Cite news |last=Muriel Boselli |date=2010-03-01 |title=GDF Suez, Gazprom sign Nord Stream pipeline deal |publisher=[[Reuters]] |url=http://uk.reuters.com/article/idUKLDE62016F20100301?sp=true |accessdate=2010-03-01}}</ref>
==Management==
The first managing director of Nord Stream AG was [[Matthias Warnig]], former chairman of the Board of Directors of [[Dresdner Bank]] ZAO, Dresdner Bank Russian subsidiary and former member of the [[Stasi]]. The current managing director is [[Alexey Zagorovskiy]].


==References==
==References==
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[[Category:Natural gas pipeline companies]]
[[Category:Natural gas pipeline companies]]
[[Category:Oil and gas companies of Switzerland]]
[[Category:Oil and gas companies of Switzerland]]
[[Category:Companies based in Zug]]
[[Category:Gazprom subsidiaries]]
[[Category:Gazprom subsidiaries]]
[[Category:Uniper]]
[[Category:Uniper]]

Revision as of 02:27, 23 October 2023

Nord Stream AG
Company typeJoint stock company
IndustryNatural gas
Founded30 November 2005
HeadquartersZug, Switzerland
ServicesNatural gas transportation
Websitewww.nord-stream.com

Nord Stream AG is a consortium for construction and operation of the Nord Stream 1 submarine pipeline between Vyborg in Russia and Greifswald in Germany. The consortium was incorporated in Zug, Switzerland, on 30 November 2005. The original name of company was the North European Gas Pipeline Company. The company was renamed to Nord Stream AG on 4 October 2006 ("Nord" is German for "North").

Since the first gas delivery in 2011, the company has transported over 450 billion cubic metres of natural gas to Europe. In 2020, the German Federal Network Agency highlighted again the Nord Stream Pipeline's contribution to security of energy supply in Europe.[citation needed]

Gas deliveries ceased in September 2022 following the destruction of three of the pipe lines and sanctions linked to the Russian invasion of Ukraine.[1]

Shareholders

The shareholders of Nord Stream AG are:[2][3]

On 1 March 2010, French energy company GDF Suez (changed name to Engie in 2015) signed with Gazprom a memorandum of understanding to acquire 9% stake in the project. Accordingly, the stakes of Wintershall and E.ON fell by 4.5% to 15.5%.[4]

References

  1. ^ "Shutting Down Nord Stream Marks the Point of No Return for Russian Gas". Retrieved 31 January 2023.
  2. ^ "Facts & Figures". Nord Stream AG. Retrieved 2007-11-06.
  3. ^ "Gazprom and Gasunie sign agreement on cooperation within Nord Stream and BBL projects" (Press release). Gazprom. 2007-11-06. Archived from the original on 2008-03-04. Retrieved 2010-10-09.
  4. ^ Muriel Boselli (2010-03-01). "GDF Suez, Gazprom sign Nord Stream pipeline deal". Reuters. Retrieved 2010-03-01.
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