16:28 GMT26 November 2020
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    MOSCOW (Sputnik) - Russia’s energy giant Gazprom believes that the costs of the Nord Stream 2 project will not rise if Denmark's authorities do not allow the pipeline to be built in the country's territorial waters, Gazprom's deputy CEO Andrey Kruglov said.

    "We do not expect that the cost of the Nord Stream 2 project will increase," Kruglov told reporters, answering a question on how the project costs may be affected in case the pipeline has to be constructed bypassing Denmark's territorial waters.

    Nord Stream 2 Denmark’s spokeswoman Markela Dedopoulos told Sputnik on Wednesday that the company still expected to receive the necessary permits in the coming months.

    READ MORE: Nord Stream 2 Expects Denmark to Approve Pipeline in Coming Months

    Earlier this week, Danish Prime Minister Lars Lokke Rasmussen said that Denmark could block or delay the construction of the pipeline in Danish territorial waters for security reasons and proposed to discuss the Nord Stream 2 gas pipeline at a pan-European level.

    The pipeline project is a joint venture of Russia’s Gazprom with France's Engie, Austria’s OMV AG, UK-Dutch Royal Dutch Shell, and Germany's Uniper and Wintershall, aims to deliver 55 billion cubic meters of Russian natural gas a year to the European Union.

    The pipeline is expected to run alongside Nord Stream 1 through the exclusive economic zones and territorial waters of Russia, Finland, Sweden, Denmark and Germany.

    Related:

    Hungary Accuses EU of 'Double Standards' Over Nord Stream 2
    Nord Stream 2 Expects Denmark to Approve Pipeline in Coming Months
    Danish PM May Block Nord Stream 2 While Russia Wants to De-Politicize Issue
    Czech Diplomat: Europe Has No Legal Means to Stop Nord Stream 2 Pipeline Project
    Tags:
    project, cost, pipeline, Nord Stream 2, Russia, Denmark
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