The undersea part of the pipeline is expected to cost $2 billion, and is intended to bypass transit countries such as Ukraine, the main artery through which Germany gets most of its Russian gas.
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Gazprom Will Build Pipeline Under Baltic Sea
Gazprom said on Thursday that it plans to start building its North European pipeline
Russia?s biggest natural gas producer Gazprom said on Thursday that it plans to start building its North European pipeline by the end of 2005, Sergei Serdyukov, the deputy head of Gazprom?s transport and storage arm.
?It?s expected that work will start at the end of this year. We plan that at the end of September Gazprom?s management will decide on timeframes and a construction program for the pipeline,? Serdyukov, said, quoted by Reuters. He said Gazprom was forming a unit called Gazpromzapadinvest to lead the construction project.
The pipeline will take gas to Germany across the Baltic from Vyborg, a port near St. Petersburg and the Finnish border. Spurs from the main pipeline could also feed gas networks in Finland, Sweden and Great Britain.
The undersea part of the pipeline is expected to cost $2 billion, and is intended to bypass transit countries such as Ukraine, the main artery through which Germany gets most of its Russian gas.
The undersea part of the pipeline is expected to cost $2 billion, and is intended to bypass transit countries such as Ukraine, the main artery through which Germany gets most of its Russian gas.
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