Construction of the new pipeline through the Gulf of Finland and the Baltic Sea to Germany is estimated at $5.7 billion. The design capacity of the North European gas pipeline amounts to almost 20 billion cubic meters a year. Experts of Gazprom are already working on increasing this capacity to 30 billion cubic meters a year.
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Russia's Key to the Future
Russian government approves $5.7 billion pipeline that will give Russia direct access to Western Europe...
Russia's Prime Minister, Mikhail Kasyanov, has signed a resolution that will allow the launch of the North European gas pipeline project of Gazprom. This resolution will allow a direct connection between Russian gas pipelines and the common European gas transportation system. Furthermore, it will enable Gazprom to export gas bypassing all transit countries. Construction of the new pipeline is to begin in mid-2004.
The resolution states that the government supports the project and instructs the Energy Ministry and Gazprom to prepare all necessary documentation and the State Construction Committee and the Natural Resources Ministry to study the potential of natural resources and to conduct expert examinations of the regions through which the gas pipeline will be built.
Construction of the new pipeline through the Gulf of Finland and the Baltic Sea to Germany is estimated at $5.7 billion. The design capacity of the North European gas pipeline amounts to almost 20 billion cubic meters a year. Experts of Gazprom are already working on increasing this capacity to 30 billion cubic meters a year.
Construction of the pipeline is planned for completion by the beginning of 2007.
Construction of the new pipeline through the Gulf of Finland and the Baltic Sea to Germany is estimated at $5.7 billion. The design capacity of the North European gas pipeline amounts to almost 20 billion cubic meters a year. Experts of Gazprom are already working on increasing this capacity to 30 billion cubic meters a year.
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