Nord Stream 2 AG Company, which is laying Nord Stream 2 gas pipeline on the bottom of the Baltic Sea may suffer losses in the sum of 660 million Euros because Danish authorities delay negotiations, as Reuters reported.
“A Russian-led gas pipeline project across the Baltic Sea to Europe could be delayed by up to eight months and cost an extra 660 million Euros ($740 million) due to hurdles in securing the necessary permits from Denmark,” the message said.
As it was reported earlier, Nord Stream II pipeline will run straight through the Baltic Sea, delivering Russian natural gas directly to Germany. U.S. Democrats and Republicans in the U.S. agreed that the project is a really bad idea.
As it was reported earlier, German Chancellor Angela Merkel stated that the European Commission would not be able to block the construction of Nord Stream II gas pipeline.