Pipelines, Storage & Power

Nord Stream 2 on course for 2019 despite diversion – Corcoran

Nord Stream 2 could be completed on time even if Denmark refuses permission for the pipeline to cross its territorial waters, the developer's CFO has said.
By Staff reporter 9 November 2018 0 33234

Nord Stream 2 could be completed on time even if Denmark refuses permission for the pipeline to cross its territorial waters, Paul Corcoran, chief financial officer at Nord Stream 2 AG, told delegates at the European Autumn Gas Conference in Berlin on Thursday.

In August, the development company applied for environmental approval for an alternative route that would avoid Danish waters.

“If we receive the environmental clearance on the new route in 2019, we will be on time for delivery of the project by...