"Nord Stream 2 AG plans to submit the permit applications in September 2017 and estimates to receive the respective decisions during the first quarter of 2018. The project is progressing according to schedule," the statement said.
Part of the pipeline is planned to run in the Finnish Exclusive Economic Zone (EEZ), which requires two permits, namely the Government’s consent to use the Finnish EEZ, and a permit for the construction and operation of the pipeline, the statement explained.
Earlier in the day, the Finnish environmental impact assessment (EIA) for the project was completed, the statement added.
The Nord Stream 2 pipeline is expected to bring an estimated 55 billion cubic meters of Russian natural gas a year to Germany across the Baltic Sea, bypassing Ukraine.