Nord Stream AG Rejects Speculations on Cable Project
Feb. 25, 2010 | Zug | There have been a number of media reports speculating about a possible combination of a subsea cable project with the Nord Stream natural gas pipeline project. Nord Stream AG has no plans whatsoever to combine any kind of cable with its pipeline. Cables are not planned and the permits which have been issued by Russian, Finnish, Swedish, Danish and German authorities cover exclusively Nord Stream’s natural gas pipeline.
Nord Stream is aware of existing power and telecommunications cables and has meticulously planned the construction of all cable crossings in close cooperation with the respective cable owners. We have no contact with parties who might be considering a project combining a pipeline and a cable. We are ready to start construction soon and our equipment is solely suited to building a pipeline.
Planning for the Nord Stream natural gas pipeline project and negotiations with the respective national authorities have been going on for several years. They have been centered exclusively around a gas pipeline for the transportation of natural gas to Europe. A combination with a cable project can therefore be excluded.
