Nord Stream is scheduled to be completed and to deliver the first gas in 2011. Initially, one pipeline will be built with a transport capacity of roughly 27.5 billion cubic metres of natural gas per annum. In the second phase, a parallel pipeline will be laid to double the annual transport capacity to roughly 55 billion cubic metres. The second pipeline is planned to come on stream in 2012. The total investment for the offshore pipeline is estimated to be 7.4 billion euros.

A 917 kilometre-long onshore connection in the Russian territory is being built by Gazprom, to connect Nord Stream to the Russian gas transmission system.

Two onshore connections from Greifswald to the south and west of Germany, with a total length of 850 kilometres, will be built by WINGAS and E.ON Ruhrgas.

Nord Stream will transport gas to Germany, where it can be transported onwards to Denmark, the Netherlands, Belgium, the UK, France and other countries.