All relevant pipeline construction permits have been attained for the Baltic Pipe Project after the Swedish government approved construction within its territory.
Sections of the pipeline will run through the Swedish Exclusive Economic Zone with GAZ-SYSTEM announcing this week the Swedish Ministry of Enterprise and Innovation had issued a permit for its construction, the final approval necessary after the pipeline had been given the green light in Poland and Denmark.
GAZ-SYSTEM President Tomasz Stępień said the company appreciated the swift process of its application.
“This decision has shown that Swedish government recognises the project’s importance, not only for Poland and Denmark but also for the whole European Union, for tightening cooperation among the EU member states and, perhaps most of all, for becoming independent of natural gas supplies from Russia,” he said.
Last week, it was announced Italian company Saipem would construct the Baltic Pipe Project, winning a contract worth approximately €280 million (US$303 million).
The first works are scheduled to commence in the second half of 2020, while vessels preparing the seabed for pipeline installation will mobilise in the Baltic Sea in the first half of 2021.
The EU has committed about €265 million (US$286 million) towards the project and has held a status of a ‘Project of Common Interest’ since 2013.
For more information visit the GAZ-SYSTEM website.
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