Finland may OK Nord Stream pipeline

SAINT PETERSBURG (AFP) - Finland may authorise Russia's Nord Stream gas pipeline to pass under its waters by the end of the year, Prime Minister Matti Vanhanen said Sunday during a visit in Russia.

Related news:
• Denmark okays Russian gas pipeline
• Russian Ambassador: “Sweden should
support Nord Stream”

"The Finnish government will make a decision in early November on the passage of Nord Stream in its economic area," said Vanhanen after meeting with Russian Prime Minister Vladimir Putin in Saint Petersburg.

"After that, the services in charge of the environment will give their authorisation to the construction of the gas pipeline. We expect this to be done by the end of the year," he said.

The Nord Stream project, which is led by Russian state-run energy giant Gazprom in partnership with Germany's E.On Ruhrgas and BASF-Wintershall, will run under the Baltic Sea to bring gas from Russia to the European Union.

The pipeline will link the Russian city of Vyborg and Greifswald in Germany over a distance of 1,220 kilometres (760 miles), going under the Baltic Sea and passing through Russian, Finnish, Swedish, Danish and German waters.

Denmark's energy agency approved the project on Tuesday, ruling out environmental concerns.

Finland and Sweden still need to approve the project, which is supported by Russia and Germany but criticised by Poland and the Baltic states, who claim that the project's sole aim is to circumvent them.

The European Union is looking to diversify its gas sources and supply routes to no longer fall pray to disputes between Russia, which accounts for 40 percent of its imports, and Ukraine, through which 80 percent of its Russian gas purchases transit.

 
Most Read Searched  

OPINION


Stefan Löfven

President, trade union IF Metall
"We will not pay the bill for the crisis"


Johan Hakelius
Journalist and author
Why Swedes find individualists annoying


Tommy Jacobson
CEO of investment company Varenne Investment AB
“Financial institutions are socialist bastions”


Mats Bergman

Trade Commissioner, Swedish Trade Council in Beijing
'No one will drag Swedish companies to China'


Alan M Webber
Founder of Fast Company, author of Rules of Thumb
How ‘awful’ Swedish socialism can boost business


Edin Mujagic
Macro-economist and author
“Swedes to become much richer with the euro”


Dr. Moshe Kantor
President, European Jewish Congress
“The story derive from age-old anti-Semitism”


Urban Bäckström
Director General, Confederation of Swedish Enterprise
“Allow schools and care facilities to make profit”


Emil Didrikson and Therése Elofson
Momentum Stockholm
“How music festivals will manage the hard times”


Alf Rehn
Chair of Management, Åbo Akademi University
“Swedish leadership a doubtful export hit”

johannorberg_325
Johan Norberg
Pro-globalist and author
“Let the troubled banks fall”

ff_325
Camilla Littorin and Per Lidström
Association for small business
“Ownership transaction hampered by the crisis”

gudrunschyman_325
Gudrun Schyman
Feminist Initiative's candidate for the EU Parliament
“We will combat male dominated boardrooms”

mae-liz-orrego-rodriguez_325
Mae Liz Orrego Rodriguez,
Liberal party's candidate for the European Parliament
“Russian gas a security threat to Europe”

ella_kristdemokraterna_325
Ella Bohlin,
Christian Democrats’ candidate for the EU Parliament
“EU needs open Europe-wide healthcare choice”

dawit_isaak_325
Agneta Lindblom Hulthén,
President of the Swedish Union of Journalists
“Release Swedish journalist Dawit Isaak”

 

 

twitter_logo_header_325
Follow The Swedish Wire on Twitter
- get the latest update as they are published
http://twitter.com/swedishwire

 

THINK FAST – NEWS IN BRIEF

• Ford Motor's effort to sell Sweden-based Volvo Cars to China’s Geely may fall apart within days as the companies struggle to agree on intellectual property rights

• Swedish high-tech consultancy Cybercom said development in third quarter reflected stability in a weak market

• The Pirate Bay appeal has been pushed back to next summer amid controversy surrounding some of the judges involved in the case.