Investors may face 660 million Euro losses due to Denmark’s position toward Nord Stream 2

Source : 112 Ukraine

Laying of Nord Stream 2 may be delayed for eight months
14:23, 9 August 2019

112 Agency

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.

Related: Nord Stream resumes its work after repair

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.

U.S. President Trump also considers imposing of sanctions due to Nord Stream II construction.

Related: US Senate Committee supports Nord Stream 2 sanctioning

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.


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