First pipe may be Nabucco, second Nord Stream, third south Stream, what it all means is that Europe will get its gas without Polish or Ukrainian interference. They will have to learn to be nice guys if they want to continue transiting gas and even then, volumes through those two countries will be much dimished. Timeline?,...2012 to 2013. I don't think it will affect Mako though, this local gas source will only enhance the energy picture for EU.

http://en.rian.ru/russia/20091105/156723589.html

Putin thanks Sweden, Finland for approving Baltic gas pipeline

20:2105/11/2009
MOSCOW, November 5 (RIA Novosti) - Russia's prime minister thanked Sweden and Finland on Thursday for approving the construction of a Russian-German natural gas pipeline through their economic zones in the Baltic Sea.

"Sweden's government has given its permission to the Nord Stream consortium to build two parallel pipelines to carry gas through the Swedish economic zone in the Baltic Sea," Vladimir Putin told the Cabinet. "I want to thank the Swedish government for this decision."

"And a big thank you to our Finnish partners," he said.

Denmark approved the $12 billion pipeline, set to bypass the traditional transit nations of Ukraine, Poland and Belarus, last month.

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Nord Stream spokesman Steffen Ebert said Germany was expected to give its formal approval before the end of the year.

The construction is due to begin in 2010 and completed in 2012.