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Nord Stream 2 withdraws application for route in territorial waters of Denmark

It is necessary in order to protect Nord Stream 2, as well as its shareholder and European investors from Austria, France, Germany and the Netherlands from possible financial risks
09:30, 29 June 2019

Nord Stream 2
Open source

Nord Stream 2 withdrew the application for the route in territorial waters of Denmark to the south of Bornholm, terminating the application process that lasted more than two years. This was stated by the CEO of Nord Stream 2 Matthias Warnig, as it was reported on the Nord Stream 2 website.

“Both Nord Stream 2 and our investors need legal certainty and protection of legitimate expectations, which means a transparent and predictable decision-making process, especially against the backdrop of the advanced construction progress in the waters of the four other countries through which the pipeline stretches,” Warnig said.

It was stated that the withdrawal of the original application was necessary to protect Nord Stream 2’s shareholder and the European investors from Austria, France, Germany and the Netherlands against the risk of further delays and financial losses.

Related: Germany stands against sanctioning Nord Stream 2 companies

“More than 2 years ago, Nord Stream 2 submitted the Environmental Impact Assessment (EIA) and application for the route through Danish territorial waters which follows the proven route of the existing Nord Stream pipeline preferred by the Danish authorities. Subsequently the Continental Shelf Act was amended giving the Minister for Foreign Affairs the right to veto the laying of pipes in territorial waters based on national and international considerations, meaning that the Minister has to give a recommendation on the application – positive or negative - prior to handling by Danish Energy Authority (DEA). Such recommendation has been pending since January 1, 2018, when the new law came into force. Even until today, there has been no indication as to when this process would end and thereby when a permit could be granted by DEA,” the message says.

As it was reported earlier, Nord Stream 2 pipeline will run straight through the Baltic Sea, delivering Russian natural gas directly to Germany. For once, U.S. Democrats and Republicans in the US agree on that the project is a really bad idea.

U.S. President Trump also considers imposing of sanctions due to Nord Stream 2 construction.

Related: European Commission not to stop Nord Stream 2, - Merkel

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