Nord Stream granted permit for Baltic Sea gas pipeline

Nord Stream has received a permit to construct the 123-km (76-mi) Russian section of its 1,223-km (760-mi) natural gas pipeline through the Baltic Sea.

Offshore staff

ZUG, Switzerland -- Nord Stream has received a permit to construct the 123-km (76-mi) Russian section of its 1,223-km (760-mi) natural gas pipeline through the Baltic Sea. The consortium had already received permits from Denmark and Sweden through whose waters the pipeline will pass, and the Finnish EEZ permit. The permitting process in Germany is also nearing completion.

The Russian offshore permit was granted by the Russian Federal Supervisory Natural Resources Management Service (Rosprirodnadzor).

“We are firmly on schedule to start construction of the pipeline in spring 2010 and to start transporting gas in 2011,” says Nord Stream’s MD Matthias Warnig. “The permitting process in Germany is nearing completion and we are confident that the remaining permits will be granted within the next few weeks.”

12/18/2009

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