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Finland To Give Environmental Approval For Nord Stream Gas Pipeline Construction

Published: 07-Oct-2009

Finland, which earlier raised environmental concerns on the Nord Stream gas pipeline construction across the Baltic Sea, is ready to give an environmental consent for the project, a Belgian radio station reported. The pipeline will deliver gas from Siberia to Europe under the Baltic Sea, bypassing East European transit nations. Estimated to cost $12 billion, the gas link is being built by JSC Gazprom Neft, E.ON AG and BASF Aktiengesellschaft and N.V.Nederlandse Gasunie.

The pipeline project is planned to be concluded in 2012. The first of two parallel pipelines, about 1,200 kilometers (750 miles) long, each with a ship capacity of some 27.5 billion cubic meters per year, will come on stream in 2010.

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