Nord-Stream on track
Sebastian Sass, head of Nord Stream’s EU representation, says progress with the underwater Baltic pipeline is good and that construction can start early 2010.
The Russian-German Nord Stream company recently published its more than 1000-page environmental assessment report. According to Mr. Sass, head of Nord Stream’s EU representation, progress is good in the project. Mr. Sass, a citizen of Finland, also underlines that despite the financial crisis, the company has no problems securing interest from investors. -Of course, if you look at commodity prices, they are not what they were last year. And of course, we need to take a close look at what the development is in terms of interest rates, or liquidity of banks. But if we look at the interest of investors, we are regarded as a top industry which is safe, Mr. Sass says to Euractiv.com.
