Nord Stream AG is a

consortium A consortium (plural: consortia) is an association of two or more individuals, companies, organizations or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for ...

for construction and operation of the

Nord Stream 1 Nord Stream (German-English mixed expression; german: Nord and en, Stream, literally 'North Stream'; russian: Северный поток, ''Severny potok'') is a pair of offshore natural gas pipelines in Europe that run under the Baltic Sea ...

submarine pipeline between

Vyborg Vyborg (; rus, Вы́борг, links=1, r=Výborg, p=ˈvɨbərk; fi, Viipuri ; sv, Viborg ; german: Wiborg ) is a town in, and the administrative center of, Vyborgsky District in Leningrad Oblast, Russia. It lies on the Karelian Isthmus ne ...

Russia Russia (, , ), or the Russian Federation, is a List of transcontinental countries, transcontinental country spanning Eastern Europe and North Asia, Northern Asia. It is the List of countries and dependencies by area, largest country in the ...

and

Greifswald Greifswald (), officially the University and Hanseatic City of Greifswald (german: Universitäts- und Hansestadt Greifswald, Low German: ''Griepswoold'') is the fourth-largest city in the German state of Mecklenburg-Western Pomerania after Rostoc ...

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

. The consortium was incorporated in

Zug , neighboring_municipalities = Cham, Baar, Walchwil, Steinhausen, Unterägeri , twintowns = Fürstenfeld (Austria), Kalesija (Bosnia-Herzegowina) Zug (Standard German: , Alemannic German: ; french: Zoug it, Zugo r ...

Switzerland ). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...

, 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.

Shareholders

The shareholders of Nord Stream AG are: * Gazprom International Projects LLC - 51% *

Wintershall Dea Wintershall Dea GmbH is a German gas and oil producer. The joint venture was created in May 2019 by the merger between Wintershall Holding GmbH and DEA Deutsche Erdoel AG. BASF SE has a 67% stake in it, with the other 33% being held by LetterO ...

AG - 15.5% *

PEG Infrastruktur AG PEG or peg may refer to: Devices * Clothes peg, a fastener used to hang up clothes for drying * Tent peg, a spike driven into the ground for holding a tent to the ground * Tuning peg, used to hold a string in the pegbox of a stringed instrumen ...

, a subsidiary of E.ON Beteiligungen - 15.5% * N.V. Nederlandse Gasunie - 9% *

Engie Engie SA is a French multinational utility company, headquartered in La Défense, Courbevoie, which operates in the fields of energy transition, electricity generation and distribution, natural gas, nuclear, renewable energy and petroleum. ...

- 9% On 1 March 2010, French energy company

GDF Suez Engie SA is a French multinational utility company, headquartered in La Défense, Courbevoie, which operates in the fields of energy transition, electricity generation and distribution, natural gas, nuclear, renewable energy and petroleum. ...

(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%.

References

{{Reflist

External links

Nord Stream AG official website (English; Russian; German)
Natural gas pipeline companies Oil and gas companies of Switzerland Gazprom subsidiaries Uniper Engie nl:Nord Stream AG