However, a disadvantage is that in a few years, 50 million tons of oil will be shipped from the sea port Ust-Luga to the world market – increasing dangerous tanker traffic on the Baltic Sea to unseen levels. The environmental effects are not a element of Russian economic calculations, as it never was in the Soviet Union.
The consequences of this scenario are such that Finns are investing almost as much in cleaning sewage from St Petersburg as the Kremlin protégé Abramovich is spending on buying English football teams and luxury private yachts.
Finland and Estonia should extend their maritime border in the Gulf of Finland and thus create tools for protecting the Baltic Sea.
Russia’s Transneft starts building Baltic Pipeline System-2
Russia’s oil pipeline monopoly Transneft started constructing the Baltic Pipeline System-2 (BPS-2) on Wednesday, the business news agency Prime-TASS said.
According to earlier reports, the project’s cost is estimated at between 120 billion rubles and 130 billion rubles.
The BPS-2 oil pipeline will run from the town of Unecha in the Bryansk Region to the Baltic Sea port of Ust-Luga in the Leningrad Region.
Transneft plans to build the BPS-2 in two stages. The first stage of the pipeline, with an annual capacity of up to 30 million tonnes of oil, is expected to be launched in September 2012.
The second stage of the pipeline, under which the system’s capacity will be increased to 50 million tonnes of oil, is slated to be completed in December 2013.