OMV Executive Board member Manfred Leitner has announced a plan stipulating an alternative route for the Nord Stream 2 gas pipeline that it would bypass Denmark.
"As for Nord Stream 2, we have developed a different route, so the Nord Stream 2 company […] will not require Danish approval. This would lead to additional costs, that's true, but a total project cost could still be maintained," Leitner told a press conference.
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According to him, the Nord Stream 2 company has foreseen such complications in the total project cost which is why the pipeline would still cost just over 11 billion dollars (about 9.5 billion euros) as planned.
On July 19, the Russian Energy Ministry said that it expected Denmark to give permission for construction of the Nord Stream 2 pipeline by the end of year.
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In late November 2017, Copenhagen made special amendments to Denmark's legislation, which allows it to reject the construction of pipelines in Danish territorial waters for security reasons pertaining to Denmark, the EU and NATO.
Nord Stream 2 stipulates the construction of two gas pipelines running from the Russian coast north of St. Petersburg through the Baltic Sea to a hub in northeastern Germany.
READ MORE: Gazprom Has Plan in Place If Denmark Tries to Stop Nord Stream 2 Pipeline
The pipeline, due to be put into operation in 2019, aims to deliver 55 billion cubic meters of Russian natural gas a year to the European Union across the Baltic Sea to Germany.
