Gazprom still hopes to launch Nord Stream 2 by the end of the year

Despite the fact that Denmark has not yet granted license for the construction of Nord Stream 2 gas pipeline in its territorial waters, Gazprom admits that it will be commissioned before the end of the year.  This was stated by head of Gazprom Alexei Miller, reports Economic Truth.

“Today the Rubicon has not yet been completed for one simple reason that the Danish site is quite short and the construction time is only about five weeks, so, of course, there is a chance.  More than 81% of the total length of the gas pipeline in a double-line version has been built.  In the current period of time, construction is carried out strictly on schedule”, he said.

He noted that the decision of the Danish authorities to lay a pipeline in its economic zone, as before, remains a key issue for the project.

Denmark is the only country that has not given license for the construction of Nord Stream 2.  The Solitaire vessel, which is laying the gas pipes, is approaching the border with Denmark.

The Danish Energy Agency has completed a public hearing on the construction of the pipeline, but declined to say when a decision will be announced.

If the decision is positive for the project, then according to Danish law, Nord Stream 2 will have to wait another month before the license can be applied.  During this time, the parties will be able to file a complaint after a decision is made.

Recall that due to the position of Denmark, Gazprom will lose $740 million. The planned budget of the Nord Stream 2 project is 9.5 billion euros.  Russian Gazprom finances half of the expenses, the second half is provided by foreign companies: German Uniper and BASF, Anglo-Dutch Shell, Austrian OMV, French Engie.

Tags: Gazprom, gas, Naftogaz, contracts, Nord Stream 2, legislation, EU, The Minystry of Energy and Coal Mining, Top management, gas imports, gas transit, RF

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