Sweden 'begrudgingly' approves construction of Russia’s second gas pipeline to Northern Europe

Young journalists club

News ID: 24227
Publish Date: 15:19 - 11 June 2018
TEHRAN, June 11 -The Swedish government has granted a permit for the construction of Nord Stream 2 gas pipeline in its territorial waters, despite reservations.

Sweden 'begrudgingly' approves construction of Russia’s second gas pipeline to Northern EuropeTEHRAN, Young Journalists Club (YJC) -The Swedish government has granted a permit for the construction of Nord Stream 2 gas pipeline in its territorial waters, despite reservations.

The 9.5 billion euro ($11.17 billion) project is set to bring Russian gas to Germany under the Baltic Sea. It is a joint venture of Russian energy giant Gazprom with French Engie, Austrian OMV AG, UK-Dutch Royal Dutch Shell, and German Uniper and Wintershall. The capacity of the pipeline will be 55 billion cubic meters of gas per year.

“The government gives permission to Nord Stream 2 to lay a gas pipeline in the economic zone of Sweden in the Baltic Sea. Sweden has no choice of saying 'no' to the project,” the Minister for Enterprise and Innovation, Mikael Damberg told reporters at a press conference.

Damberg, however, emphasized the government’s “negative attitude towards the project as a whole, since there is a risk that it contradicts the goals of the Energy Union.”

He also mentioned the consequences for Ukraine as a transit country for Russian gas due to possible significant economic losses that could arise.

The EU “should reduce dependence on Russian gas” which, according to the Swedish minister, is an instrument of “political pressure.”

In April, the project's operator, Nord Stream 2 AG, obtained a license to build an underwater section of the pipe in German territorial waters and an input terminal in Germany. A similar license has been granted by Finland, where preparatory work at an undersea section of the pipeline is already underway.

Source:RT

Your Comment