Danish Energy Agency confirms green light for Nord Stream 2 completion
Installing the final section of the pipeline through Danish waters is now permitted to start from late next week. After a long period in hiatus, Nord Stream 2 AG has now submitted a final construction plan to the Danish Energy Agency.
The Swedish power company will not build any more new onshore wind farms in Denmark and now intends to divest its current development projects totaling several hundred megawatts. The utility insists that its move is not due to many years of domestic obstacles.
Despite a reduced deficit in the fourth quarter, rig operator Borr Drilling exits 2020 with another deficit of more than USD 300m. The company, which recently secured approval for a rescue plan, still projects a stronger market.