Russian gas giant OAO Gazprom (GAZP.RS) Monday denied a report that suggested the second phase of the Nord Stream pipeline project to Germany has been suspended.
Russian gas giant OAO Gazprom (GAZP.RS) Monday denied a report that
suggested the second phase of the Nord Stream pipeline project to
Germany
has
been suspended.
The second stage of Nord Stream is proceeding according to plan, Gazprom
spokesman Sergei Kupriyanov said Monday.
Earlier, Reuters cited the head of the Russian Gas Society, Valery Yazev, as
saying that European plans to diversify energy markets have made building the
second phase of Nord Stream unattractive, resulting in a suspension of phase
two.
Nord Stream, 51%-owned by Gazprom, will operate a 758-mile-long pipeline
connecting Russia and Germany through the Baltic Sea, passing through the
waters of Finland, Sweden and Denmark.
The project is a central part of
Russia
's
strategy to reduce political risk to its gas business by skirting
Eastern
Europe
. Russian gas supplies to
Europe
in
the past have been disrupted by disputes with transit countries
Belarus
and
Ukraine
.
The first stage, under construction, is scheduled to start operations in late
2011, with a capacity of 971.2 billion cubic feet a year. The second stage,
planned for completion in 2012, would double the pipeline's capacity, or enough
to supply more than 25 million households in
Europe
.
Ακολουθήστε το energia.gr στο Google News!Παρακολουθήστε τις εξελίξεις με την υπογραφη εγκυρότητας του energia.gr
Διαβάστε ακόμα
Πεμ, 30 Οκτωβρίου 2025 - 10:19
Πεμ, 30 Οκτωβρίου 2025 - 10:18
Τετ, 29 Οκτωβρίου 2025 - 08:25
Τετ, 29 Οκτωβρίου 2025 - 08:20
Δευ, 27 Οκτωβρίου 2025 - 09:12