Thursday, June 28, 2018

Gazprom Expects No Rise in Nord Stream 2 Costs If Not Authorized by Denmark

Nord Stream
Russia’s energy giant Gazprom believes that the costs of the Nord Stream 2 project will not rise if Denmark's authorities do not allow the pipeline to be built in the country's territorial waters, Gazprom's deputy CEO Andrey Kruglov said.

"We do not expect that the cost of the Nord Stream 2 project will increase," Kruglov told reporters, answering a question on how the project costs may be affected in case the pipeline has to be constructed bypassing Denmark's territorial waters.

Nord Stream 2 Denmark’s spokeswoman Markela Dedopoulos told Sputnik on Wednesday that the company still expected to receive the necessary permits in the coming months.

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