Finland Gives Go-ahead for Nord Stream Work
by AFX News Limited
June 14, 2007
Finland has given the Nord Stream consortium approval to
start exploratory work in its economic exclusion zone as part of its gas pipeline project beneath the Baltic Sea.
But the Finnish government has placed certain conditions on its approval,
demanding the exploration results be communicated to it without delay to allow
its own experts to analyze the data.
Nord Stream "must also follow the rules relating to entering Finland in
cases where these explorations stretch in its territorial waters," underscored
Finland has strongly criticized the environmental impact study prepared by
Nord Stream, calling it "too general" and "scientifically dubious." The country
also questions the pipeline route favored by the consortium, lamenting that no
alternative route has been explored.
The gas pipeline project has also come in for criticism from countries
bordering the Baltic Sea, including Poland, Sweden and the Baltic countries, who
are worried about its impact on the marine ecosystem and the security of their
Latvia has recently asked for the pipeline to pass underground rather than
through its waters.
Nord Stream, controlled by Russian giant Gazprom which holds a 51-percent stake
in the group, plans to lay the 1,200-km pipeline along the bottom of the Baltic
sea between Vyborg in Russia and Greifswald in Germany.
Nord Stream is also made up of a 24.5-percent stake held by German BASF and a 24.5-percent stake held by E.ON.
Copyright 2007 AFX News Limited. All Rights Reserved.
Nord Stream Pipeline
Nord Stream AG
Vyborg, Russia to Greifswald, Germany Russian Federation