[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]  [Register] 

Status: Not Logged In; Sign In

"Gestapo" Müller - Hunting Hitler's Secret Police Chief How Michelle Obama Could Become Democrats' Nominee after Biden's Terrible Debate, with Steve Bannon Was This Lethal Spitfire Ace Killed by His Own Tactics? Welsh Police Pay Home Visit To Man For Displaying Reform UK Political Sign Liz Harrington Drops a BOMBSHELL on How Georgia Was Stolen Trudeau govt to make all bathrooms in Parliament buildings GENDER NEUTRAL French official admits censorship is needed for government to control public opinion Bill Maher Predicts Trump Victory: The Left Is Aggressively Anti-Common Sense Google is suppressing Blaze Media. Heres how you can help. Large-scale prisons being secretly erected in all 50 states will they be used to house illegals or force Americans into concentration camps? Hezbollah is ready to confront Israels military, with Jon Elmer Balloons Land in Southern Lebanon, Warning Locals the Land Belongs to Jews German Politician Hit With Hate Crime Investigation For Demanding Migrant Criminals Be Deported DNC Caught Funneling Millions to Law Firms Involved in Unprecedented Lawfare Campaign Against Trump Here Are The 20 Biggest Whoppers Biden Told During His Debate With Trump NYC to ban cellphones in public schools. New York Times Columnists Turn On Biden After Disastrous Debate Performance 8 Armed Men With Venezuelan Accents Violently Rob Denver Jewelry Store Uvalde Police School Chief Indicted, Arrested Over Response To 2022 Shooting Greetings from the Horse Tonight confirmed every Democrats worst fear. Five Women Soon To Die In 1928 How Trump Can Lose The Debate Tucker Carlson Savagely Dismantles ‘Dumb’ and ‘Stupid’ Far-Left Reporter at Australian Freedom Conference James Clapper, Mr. October Surprise: How Obama's Intel Czar Rigged 2016 And 2020 Debates Against Trump Biden Campaign Balks Wont Commit to Drug Test S-500 Prometheus: Designed To Kill Stealth Jets, ICBMs The US military chases shiny new things and the ranks suffer USS Dwight D. Eisenhower Now in the Med, USS Theodore Roosevelt Heads to the Middle East Lefties losing it: Rita Panahi mocks Democrat judge acting like a ‘confused simpleton’

Business/Finance
See other Business/Finance Articles

Title: Gazprom inks plan for new gas pipeline to Germany
Source: [None]
URL Source: http://news.yahoo.com/gazprom-inks- ... ipeline-germany-131244934.html
Published: Jun 19, 2015
Author: staff
Post Date: 2015-06-19 06:42:15 by Tatarewicz
Keywords: None
Views: 13

Russia is seeking more routes to deliver its gas to the European Union avoiding crisis-hit Ukraine, despite the 28-nation bloc insisting it wants to cut its dependence on Russia . Saint Petersburg (AFP) - Russian gas giant Gazprom on Thursday agreed a plan with Shell, E.ON and OMV aimed at building a new gas pipeline to Germany, the companies said in a statement.

In the memorandum of understanding, Germany's E.ON, Austria's OMV and Anglo-Dutch Shell would join up to construct the new route under the Baltic Sea from Russia with a capacity of 55 billion cubic metres per year, the statement said.

The project -- for which no timeframe was given -- would double the capacity of the existing Nord Stream pipeline currently linking the two countries.

The announcement comes as Russia seeks more routes to deliver its gas to the European Union avoiding crisis-hit Ukraine, despite the 28-nation bloc insisting it wants to cut its dependence on Russia.

Gazprom CEO Alexei Miller said that the new pipeline would help "contribute to enhancement of safety and reliability of gas supplies" to European markets after the agreement was signed on the sidelines of Russia's showcase investment forum in Saint Petersburg.

"New projects are important for satisfying energy demand, particularly as Europe's domestic production of natural gas declines," Ben van Beurden, CEO of Shell, said in the statement.

Russia and the West are currently locked in a bitter standoff over the Kremlin's meddling in Ukraine and a gas dispute between Kiev and Moscow has threatened energy supplies to the EU.

Russia was forced to abandon plans to build a South Stream pipeline to southern Europe in the face of opposition from Brussels.

In its place Gazprom is set to start work on a new route through Turkey in the coming months, with Greek Prime Minister Alexis Tsipras possibly set to sign a deal in Saint Petersburg to extend it to Greece.

Post Comment   Private Reply   Ignore Thread  

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]  [Register]