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Wed, 2 September 2009
The Finnish Government is ready to grant a licence for the Nord Stream Gas Pipeline to use Finland’s economic zone.
The Finnish Prime Minister Matti Vanhanen said the Nord Stream AG joint venture company could receive the licence in September or October.
Construction on the 1,220 km gas pipeline is scheduled to start in early 2010, and has a planned capacity of 55 Bcm/a of natural gas. The pipeline will link Russia and the European Union via the Baltic Sea.
Nord Stream AG is an international joint venture between Gazprom, BASF/Wintershall AG, E.ON Ruhrgas AG and N.V Nederlandse Gasunie.
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Categories: Europe, Gas, Projects
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