Cranking on up the taps: Dong exercises option to double Gazprom imports.
Dong to double Gazprom flows
Danish utility Dong Energy signed a contract with Russian monopoly Gazprom to double deliveries of natural gas through the Nord Stream pipeline from 2012.
The Danish utility in a statement said it would activate an option in its initial Gazprom contract to double deliveries from the initial 1 billion cubic metres of natural gas through the Nord Stream pipeline.
Deliveries on the new contract are to run 18 years from 2012 and are linked to the completion of the second stage of the Nord Stream pipeline, the company said.
The initial Dong-Gazprom contract was signed in June 2006 to run for 20 years from 2011, according to a Reuters report.