Gazprom evaluates alternative to South Stream

Gazprom has estimated the investment in the Ukhta-Torzhok 2 gas pipeline, which will supply gas to two new threads of Nord Stream at 217 billion rubles at the prices of 2010. The monopoly started to be actively engaged in its extension after the refusal first from South Stream, and then full-scale Turkish Stream. When the first seam was welded, the lower price of the north pipe was called - 140-180 billion rubles. The price of Power of Siberia remained the same - about 800 billion rubles, but the investment will fall by 37.7% to 19.3 billion rubles in 2015 because of the postponement of the equipment deliveries.

Gazprom has disclosed a formal estimate of the cost of the Ukhta-Torzhok 2 gas pipeline - extension of the Unified Gas Supply System (UGS) for the supply of gas to Nord Stream 2 and Baltic LNG. As it is indicated in the monopoly’s materials, it will amount to 217 billion rubles in the prices at the beginning of 2010. The section length will be 970 km, capacity - 45 billion cubic meters of gas per year, the construction of eight compressor stations for 689 MW is provided for. It is planned to launch the pipeline in 2019, the construction began in October. General director of Gazprom Transgaz Ukhta Alexander Gayvoronskiy said then that the cost of the project hadn’t been determined, as the selection of contractors hadn’t been completed, but according to approximate evaluations, it would amount to 140-180 billion rubles. A source of the Kommersant notes that the difference can be explained by years of the assessment.

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