Caricatures and drawings on Forex portal

Germany assesses Nord Stream 2 construction risks

Open trading account

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Germany assesses Nord Stream 2 construction risks

Offer your friend to read

It seems that the Nord Stream 2 saga will never end. The project that has been in the pre-launch state for several years is in jeopardy again. This time, Germany’s ecologists are standing in the way of the gas pipeline.

The NABU environmental association decided to suspend the construction of Nord Stream 2 by turning to the court. Until there is a court ruling, construction works will go on. The head of the Bundestag Committee on Economic Affairs and Energy, Klaus Ernst, assessed project risks. He said that the filed claim might slow down the work but it was unlikely to prevent the completion of the pipeline’s construction. "The construction of the pipeline has been fully approved by all competent agencies and thus conforms to legislation," he noted. "In this respect I see no reasons why Nord Stream 2 should not be completed," Ernst emphasized.

Environmental group NABU filed a complaint with the German maritime authority, BSH, against the gas pipeline construction permit because its unfinished section is located in Germany’s exclusive economic zone.

The Federal Maritime and Hydrographic Agency has previously rejected another environmentalists' claim that the gas pipeline construction allegedly could be damaging for nesting birds. However, this fact has not been confirmed.

Back