Denmark’s Energy Agency has at last issued a building permit for the Gazprom-owned Nord Stream 2 project to lay a segment of the subsea gas export pipeline from Russia to Germany in the country’s exclusive economic zone.

The decision is likely to avert potential gas shortages in Europe in the first quarter next year.

The permit covers the 147-kilometre long segment south-east of the Danish island of Bornholm in the Baltic Sea.

It will allow the Russian operator to complete and then commission the project, capable of carrying over 55 billion cubic metres of gas per year from Russia across the Baltic Sea to Germany.