Nord Stream 2 Prep Work Along German Coast Begins
FRANKFURT, May 15 (Reuters) - A consortium of western companies and Russia's Gazprom that is due to build the controversial subsea Nord Stream 2 gas pipeline to Germany said on Tuesday it was starting preparatory work in the Greifswald bay off Germany's Baltic coast.
"Five dredgers are now working on the trench for the two pipeline strings," the consortium, based in Switzerland's Zug, said in a press release. "Preparatory works are in accordance with the Stralsund mining authority's planning approval."
The regulatory authority granted the consortium a permit in January to build the pipeline in German territorial waters.
Gazprom's Western partners are energy companies Uniper, Wintershall, Engie, Austria’s OMV, and Anglo-Dutch group Shell.
The Nord Stream 2 project has said it will tap banks for financing in the fourth quarter of 2018 or early next year.
Related News
Related News
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- Williams Delays Louisiana Pipeline Project Amid Dispute with Competitor Energy Transfer
- Evacuation Technologies to Reduce Methane Releases During Pigging
- Editor’s Notebook: Nord Stream’s $20 Billion Question
- Enbridge Receives Approval to Begin Service on Louisiana Venice Gas Pipeline Project
- Russian LNG Unfazed By U.S. Sanctions
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
Comments