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November 6, 2009

Sweden, Finland approve $15B Baltic Sea pipeline

STOCKHOLM (AP) — Sweden and Finland on Thursday approved a Baltic Sea pipeline project that would ship Russian natural gas to Germany, clearing two key obstacles for construction to begin next year.

Sweden said the $15 billion Nord Stream project met its demands to protect the marine environment, while Nordic neighbor Finland approved the construction with the caveat that builders must supply additional information about the environmental impact to a regional authority.

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