Sweden gives go-ahead for criticized gas pipeline
Sweden’s government has authorized Russia's Nord Stream gas pipeline to pass under its waters.
| Related news: • Finland may OK Nord Stream pipeline • Denmark okays Russian gas pipeline • “Sweden should support Nord Stream” • “Russian gas a security threat to Europe” |
Minister for the Environment Andreas Carlgren said Thursday the government has given go-ahead for Nord Stream AG to lay two natural gas pipelines on the continental shelf within Sweden's exclusive economic zone in the Baltic Sea.
Nord Stream AG is a partnership between Russian state-run energy giant Gazprom and Germany's E.On Ruhrgas and BASF-Wintershall. The 1,220-kilometre (760-mile) pipeline needs the green light from Finland, Sweden and Denmark before building can begin as it will run close to their Baltic coastlines.
Also the Finnish government said Thursday it "granted consent for Nord Stream AG's plan to construct an offshore natural gas pipeline system that would traverse the Baltic Sea." Two weeks ago the Danes said okay to the project, leaving Russia and Germany the only countries that still need to officially approve the project.
The gas pipeline has been under fire as some countries bordering the Baltic Sea have worried that the pipeline would pose a risk to the environment.
"The government has set high demands to ensure that the sensitive environment in the Baltic Sea is not threatened. The company has been required to provide a series of supplementary examinations and has satisfied each stage of the deliberation process," Andreas Carlgren said in a statement.
Some 80 percent of all Russian gas bound for Europe travels currently through Soviet-era pipelines in Ukraine. Nord Stream would transport up to 55 billion cubic metres of gas each year. This would be enough to supply more than 25 million households, according to the consortium's website.
| • SIGN UP FOR FREE NEWSLETTER • ALL BREAKING NEWS ON TWITTER |
Last Updated (Thursday, 05 November 2009 14:51)
'The pipeline is not in Sweden's interests'
Decision by Sweden to allow the Russian-led Nord Stream pipeline to pass through its waters has unleashed strong reactions.
Norway court snubs call to block The Pirate Bay
A court in Norway has rejected calls from the entertainment industry to force communications giant Telenor to block Swedish file sharing site The Pirate Bay.
• Three million Swedes download illegally
• The Pirate Bay reopened – from warfare bunker
Analyst warns of overheated stocks
STOCK MARKET – Although the Stockholm exchange is expected to keep increasing there are some companies that may be overheated.
Not good enough, Obama
Sweden's Prime Minister criticised US President Barack Obama's efforts to adopt new climate change legislation.
Smile, Mats Jansson, you’re back in black
Mats Jansson, head of Scandinavian airline SAS, surprised by posting the company’s first quarterly profit in two years.
Morocco kickes out Swedish diplomat
A Swedish diplomat is accused of handing official secret documents to Western Sahara-linked "separatists".
'We are much worse off than the car industry'
"The politicians in Brussels live in their own world and are not aware of the problems in the truck industry", said Leif Östling, CEO of Swedish truck manufacturer Scania, when meeting EU officials.
Swedish krona tipped to rally next year
The Swedish krona is the talk of the town on financial markets as currency experts say it will gain a lot of ground against the euro.
Crisis makes Iceland best-value destination
Iceland and London are the world's best-value destinations thanks to the economic crisis, travel guide firm Lonely Planet said.
Brazil still fussy about fighter jet deal
Brazil and France are continuing talks over Brasilia's stated plan to buy fighter jets – but refused to say whether they were going ahead with the purchase.
• Sweden sweetens bid for Brazil fighter jet deal
• Saab's fight in Brazil 'not yet over'
Why bad leaders make you sick
Poor leaders increase not only the amount of sick leave taken at a workplace, but also the risk of sickness amongst employees later on in life, Swedish research shows.
Swedish airline Skyways sold for 1 krona
“Flying has generally never been an overly lucrative industry“, Skyway's Chairman said after he sold the company for 1 krona.
Nokia Siemens to cut 6,000 jobs
Finnish-German telecom equipment maker Nokia Siemens will reduce its 64,000-strong workforce by up top 6,000 jobs.
Reinfeldt and Obama in climate deal talks
US President Barack Obama and Swedish Prime Minister Fredrik Reinfeldt expressed hope for an "important deal" at the upcoming Copenhaguen conference on climate change.
• Denmark's PM: Climate summit will fail
• Sweden tells US to step up on climate change























