2019-08-30 10:40:00
NORD STREAM 2 SCHEDULE
REUTERS - The consortium building the Nord Stream 2 gas pipeline from Russia to Germany expects to complete the project on schedule in early 2020 or before, Austrian energy firm OMV said on Thursday, after speculation that it could face months of delays.
Rainer Seele, chief executive of OMV, one of the investors, said more than 75% of the project had been carried out but the completion timing would depend on securing Danish approval for the pipeline to cross its waters of the Baltic Sea.
"The Nord Stream 2 company has clearly informed us that it is sticking to the schedule and the budget, and we have no reason to revise the plan in any way today," he said when asked if a launch at the end of 2019 or early 2020 was realistic.
"What will be decisive is when the Danish authorities make the decision, and what decision they will make," said Seele, who was speaking at an economic event in Austria, adding it only took a few weeks to build the Danish section.
The project, led by Russia's state-owned Gazprom, has had applications pending with the Danish authorities since April 2017 seeking approval to lay between 147 km and 175 km (90 miles and 109 miles) in Denmark's Baltic waters.
Denmark has been caught up in the political row between Germany, which backs the pipeline, and the United States and other European states which oppose the project because they say it will deepen European reliance on Russian gas.
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Earlier:
2019, August, 23, 10:55:00
GAZPROM'S SHARE IN EUROPE: 32%
Gazprom’s share was around the average of the past three years, edging down by 1% from the previous year to 32%. But it was the first year-on-year drop since 2014-2015, when it was hit by low gas demand in Europe.
2019, August, 16, 10:35:00
U.S., RUSSIA SANCTIONS AGAIN
The US is set to impose sanctions on Rosneft if it continues to trade crude oil and fuel with Venezuela's PDVSA in exchange for debt repayments and stakes in joint venture projects in the South American nation,
2019, August, 13, 13:35:00
RUSSIA'S GAS TO EUROPE WILL UP
"Russian imports are expected to rise month on month in August," it said. "A significant amount of ESP sales for August delivery for both northwest Europe and Central and Eastern Europe is expected to counteract the effect of reduced contractual nominations."
2019, August, 9, 13:05:00
NORD STREAM 2 DELAY: $740 MLN
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.
2019, August, 1, 12:10:00
RUSSIAN STREAMS: NEW SANCTIONS
The bill would sanction vessels that lay Russian energy export pipelines at least 100 feet below sea level.
2019, July, 30, 12:05:00
NORD STREAM 2 RULES
The new rules cast doubt over the commercial operation of Nord Stream 2, which argues that it has been unfairly targeted by fast-tracked legislation to stall the project.
2019, July, 30, 12:00:00
RUSSIA - UKRAINE'S GAS DEAL
Russia has said it wants to cut substantially its gas flows to Europe via West-leaning Ukraine by doubling the capacity of the existing Nord Stream trunk via the Baltic Sea and laying gas pipes to Turkey and onwards through the Black Sea.
