Europe’s largest energy project, Nord Stream, this month received vital approvals from Sweden and Finland when they gave their OKs for the twin underwater pipelines to pass through their exclusive economic zones in the Baltic Sea. + Image Image: Nord Stream AG The natural gas pipeline across the Baltic sea Nord Stream will carry natural gas 1,220 km, from Vyborg, Russia, near St. Petersburg, to Greifsburg, Germany. It will cross the territories of four other nations: Sweden, Finland, Denmark and Poland. Only Russia and Germany still have to approve the project, but that is considered a formality. The 1,220-km offshore
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.