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Gazprom gets Finnish approval to build Nord Stream 2 gas pipeline

MOSCOW (Reuters) - Finland has approved the construction of the Nord Stream 2 gas pipeline through Finland’s economic zone, the Finnish government and Russian gas exporter Gazprom said.

Nord Stream 2 Map
Nord Stream 2 between Russia and Germany, which would run for around 375 kilometers across Finland’s economic zone through the Baltic Sea. MAP SOURCE: EWA 

The pipeline between Russia and Germany, which would run for around 375 kilometers across Finland’s economic zone through the Baltic Sea, still requires a construction permit from local Finnish authorities.

The pipeline’s operator Nord Stream 2 AG said it expected the second permit “within the next weeks”.

Nord Stream 2, planned to run from Russia across the bed of the Baltic Sea to Germany, would double the existing Nord Stream pipeline’s current annual capacity of 55 billion cubic meters.

Eastern European and Baltic states fear the pipeline could increase reliance on Russian gas and undermine Ukraine’s role as a gas transit route, but Germany and other beneficiaries in northern Europe back the project.

Germany has approved the pipeline and the project is currently collecting permits from Russia, Sweden and Denmark.

Late last year, Denmark passed a law that could allow it to ban the pipeline from going through its waters.

Reporting by Oksana Kobzeva; writing by Andrey Ostroukh; additional reporting by Tuomas Forsell from Helsinki; editing by Jason Neely and Jane Merriman


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FEATURED COLUMNS

Editorial comment
-Adrienne Blume
According to GIIGNL’s 2018 Annual Report, global LNG trade expanded by 3.5 Bft3d in 2018, to 38.2 Bft3d—a record 10% increase.
Power, LNG projects drive pipeline construction in Africa
-Shem Oirere
Increasing public investment in gas-fired power plants in Africa, the continuing recovery in global oil prices and persistent insecurity in key producer markets, such as Nigeria, are likely to impact gas transmission pipeline projects on the continent, even as more international companies express interest in the region’s stranded gas resources.


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