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Tuesday, 02 December, 2008, 22:10 GMT | more >>

Pipeline charge from Gazprom


Gazprom plans to start building its north European pipeline at the end of 2005, the deputy head of its transport and storage arm Sergei Serdyukov said.

"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 programme for the pipeline. That decision is being prepared," he told reporters.

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 Britain.

The undersea portion 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.


Thursday, 12 May, 2005, 14:02 GMT  | last updated: Thursday, 12 May, 2005, 14:02 GMT

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