The Danish Energy Agency (DEA) has approved Gazprom´s application for the final section of the EUR 9 billion (USD 10 billion) Nord Stream-2 gas pipeline which will transport natural gas from Russia to Germany, crossing the territorial waters of Russia, Denmark and Germany, along with the Exclusive Economic Zones (EEZ) of Russia, Finland, Sweden, Denmark and Germany.
The Danish regulator was choosing between two routes - 147 km and 164 km long each. DEA finally has chosen the shortest route southeast of the Danish island Bornholm, since this route provides the least risk and environmental impact.
The process of obtaining the permit took more than two years. It started in April 2017. In Russia, Germany, Finland and Sweden, Gazprom not only obtained the permit but has practically built the 87% of the route. About 2100 km of twin pipeline was laid.
The Danish section of Nord Stream-2 will take five weeks to build. Gazprom hopes to complete the project on schedule. The originally planned date of completion was the end of 2019. Nord Stream 2 consortium, which consists of Uniper, Wintershall DEA, Shell, OMV and Engie, said it would work to complete the project in the coming months, but did not specify the exact timeline. The construction of the Danish section will be able to start at the end of November only after the permit comes into force. It means the operation of the pipeline is unlikely to start before the end of the year.
With Europe’s domestic gas production projected to halve in the next 20 years, Nord Stream 2’s twin pipeline system will help Europe to meet its future gas import needs, with the capacity to transport 55 billion cubic metres of gas per year, enough to supply 26 million European households.
National Grid and Energinet, the owners of 1.4 GW Viking Link interconnector between Denmark and the UK have announced their chosen cable and converter station suppliers for the UK’s first ever subsea electricity interconnector to Denmark.
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The Danish Ministry of Energy, Utilities and Climate has announced that the first of three new offshore wind farms will be tendered this year.
Read moreThe Investment Fund for Developing Countries (IFU), based in Denmark, has signed an agreement with six pension funds - PKA, PensionDanmark, PFA, ATP, JØP/DIP and PenSam - to establish the Danish SDG Investment Fund, which will contribute to meeting the UN Sustainable Development Goals (SDGs) in developing countries and promote the sale of Danish expertise and technology.
Read moreCopenhagen Infrastructure Partners’ (CIP) has announced that its newest fund, Copenhagen Infrastructure III (CI III), held a final close on 23 March 2018 at the EUR3.5 billion (US$4.31 billion) hard cap exceeding the EUR3.0 billion (US$3.7 billion) target fund size.
Read moreAfter nine months of fundraising, Copenhagen Infrastructure Partners’ (CIP) new fund, Copenhagen Infrastructure III (CI III), has had its sixth close on December 27, 2017 with total commitments reaching EUR2.8 billion (US$3.32 billion).
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