Nord Stream gets final permit, moves forward with pipeline

Nord Stream AG has received the Finnish “Water Permit,” the last permit required to start constructing its 1,223 km (760 mi) natural gas pipeline through the Baltic Sea.

Offshore staff

ZUG, Switzerland -- Nord Stream AG has received the Finnish “Water Permit,” the last permit required to start constructing its 1,223 km (760 mi) natural gas pipeline through the Baltic Sea.

The consortium plans to start construction in April and already has permits from Russia, Sweden, Denmark, and Germany.

The authorities have agreed on the precise routing of the pipeline and detailed plans for its construction and operation.

When completed in 2012, Nord Stream’s twin pipelines will be able to transport 55 bcm (1.9 tcf) of gas a year from Russia to Germany, where it will join the European energy grid. Gazprom has signed long-term contracts to supply over 20 bcm (706 bcf) of gas a year through Nord Stream to customers in several EU countries including Germany, Denmark, the Netherlands, Belgium, France, and the UK.

02/12/2010

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