October 2019, Vol. 246, No. 10

Projects

Nord Stream 2 Investor OMV Says Project Can Still Meet Deadline

The leader of a company invested in Nord Stream 2 said the project’s completion date has not been changed and the pipeline could still be delivered on time and budget, despite Denmark’s long-pending decision on a construction permit.  Rainer Seele, CEO of Austrian energy firm OMV said the schedule depends on what Danish authorities decide and when their decision is made. “The Nord Stream 2 company has clearly informed us that it is sticking to the schedule and the budget, and we have no reason to revise the plan in any way today,” Reuters quoted Seele as saying when asked if a launch at the end of 2019 or early 2020 was realistic. Russia’s Gazprom originally scheduled completion of the $1

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