Exclusive: Denmark’s Nord Stream 2 Route Request Could Cause Eight-Month Delay, Cost 660 Million Euros – Operator

www.oann.com | 6/5/2019 | Staff
chicana948 (Posted by) Level 3
COPENHAGEN/MOSCOW (Reuters) – A Russian-led gas pipeline project across the Baltic Sea to Europe could be delayed by up to eight months and cost an extra 660 million euros ($740 million) due to hurdles in securing the necessary permits from Denmark, the pipeline operator has said.

The 1,230-km (765-mile) Nord Stream 2 pipeline, now under construction, has come under fire from the United States and several eastern European, Nordic and Baltic countries, which say the conduit will increase Europe’s reliance on Russian gas.

Timeline - Project - Gazprom - Future - Gas

The timeline of the project, led by state-owned Gazprom , is key for the future of the gas transit contract between Moscow and Kiev, as Ukraine is Russia’s main gas route for exports to Europe.

The transit contract, a large source of budget revenue for Ukraine, expires at the end of this year. Nord Stream 2, according to its initial schedule, should have been ready by then.

Gazprom - % - Nord - Stream - April

Gazprom has completed more than 70% of Nord Stream 2 but since April 2017 has had pending applications with Danish authorities to lay between 147 and 175 km via Danish waters.

Nord Stream 2, aimed at doubling the annual capacity of the existing Nord Stream pipeline by adding 55 billion cubic meters, is to run via the waters of Finland, Sweden, Denmark and Germany. It has approvals from all countries whose waters it crosses apart from Denmark.

Company - Route - Applications - Authorities - Years

The Russian-led company submitted two route applications with the Danish authorities, of which the first was proposed more than two years ago. In March, the Danish Energy Agency requested an environmental assessment of a third route option.

Nord Stream 2 labeled the third route request “a deliberate attempt to delay the project’s completion”.

Nord - Stream - Complaint - Authorities - April

Nord Stream 2, in a complaint to the Danish authorities in April, said costs related to the new request for a third route had already totaled more than...
(Excerpt) Read more at: www.oann.com
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