Nord Stream AG Company will expand its support of sailing sport in 2017. In addition to the traditional Baltic open sea regatta NORD STREAM RACE, the company will become a partner of national sailing leagues of four Northern European countries and Russia.
The competitions of sailing vessels in the Baltic Sea – Nord Stream Race – have been held by Saint Petersburg Yacht Club in cooperation and with support of Nord Stream AG since 2012. Traditionally, the regatta brings together Germany and Russia, and the racing route goes along the strings of Nord Stream pipeline. Gazprom is the general partner of the regatta.
In the new season, the route of Nord Stream Race will cover even more countries of Northern Europe. The fleet will visit Denmark, Sweden and Finland on the way from the regatta’s start in the German city of Kiel to the finish in Saint Petersburg.
These countries were chosen as stopovers of the fleet for a reason. The teams that won national sailing leagues of these countries are invited to participate in Nord Stream Race 2017. The same selection procedure of participants will be used in the next seasons of the Baltic regatta. So, Nord Stream Race will get even closer to Europe, and Nord Stream AG Company will become one of the partners of national sailing leagues of five countries.
The competition season of national sailing leagues will continue from March till September 2017. Hundreds of sportsmen will participate in the competitions in each of the countries. They will compete for the title of the best yacht club. The first national competition will start in Russia – the first event of the Russian National Sailing League will take place in Sochi on March 23-26.
“Nord Stream AG Company expands its support of the race. We are glad to support this sports event in the Baltic Region.” – Managing Director of Nord Stream AG Alexey Zagorovsky says.
It is planned that Nord Stream Race 2017 will start in Germany in August, and the fleet is expected to come to Saint Petersburg in September. Estimated stopovers of the regatta’s fleet are Copenhagen, Stockholm, and Helsinki.
PJSC Gazprom is a global energy company. The main areas of focus are geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, sales of gas as a vehicle fuel, as well as generation and marketing of heat and electric power.
Gazprom views its mission as ensuring a reliable, efficient and balanced supply of natural gas, other energy resources and their derivatives to consumers.
Gazprom holds the world’s largest natural gas reserves. The Company’s share in the global and Russian gas reserves amounts to 17% and 72% respectively. Gazprom accounts for 12% and 69% of the global and national gas output correspondingly.
At present, the Company is actively implementing large-scale gas development projects in the Yamal Peninsula, the Arctic shelf, Eastern Siberia and the Russian Far East, as well as a number of hydrocarbon exploration and production projects abroad.
Nord Stream AG is an international joint venture, established for the planning, construction and subsequent operation of the gas pipeline, consisting of two strings and going at the bottom of the Baltic Sea. Russian company PJSC Gazprom holds 51% of the shares of the joint venture. The German companies BASF SE/Wintershall Holding GmbH and PEG Infrastruktur AG (subsidiary of PEGI/E.ON) hold 15.5% each, and the Dutch natural gas infrastructure company N.V. Nederlandse Gasunie, along with the leading French energy provider ENGIE, hold a 9% stake each.