Russia's OAO Gazprom (GAZP.RS) will decide whether to expand the Nord Stream gas pipeline to Northern Europe after it completes a feasibility study into a separate pipeline extension to Central Europe via Poland, Gazprom's Chief Executive Alexei Miller said Tuesday.
Russia
's OAO
Gazprom (GAZP.RS) will decide whether to expand the Nord Stream gas pipeline to
Northern Europe
after it completes a feasibility study into a
separate pipeline extension to
Central Europe
via
Poland
,
Gazprom's Chief Executive Alexei Miller said Tuesday.
Gazprom said last week that it would build an expansion to the Yamal-Europe
pipeline that takes gas through
Poland
to
Europe
. But
within hours Polish officials said they knew nothing about the plan. Mr. Miller
said Tuesday that the feasibility study would be completed by October.
Gazprom agreed Monday with Dutch gas firm Nederlandse Gasunie NV to consider
extending the Nord Stream pipeline that takes gas to
Germany
via
the
Baltic Sea
.
The state-controlled firm is pressing ahead with a number of pipeline projects
despite dwindling demand in
Europe
. Gazprom
is trying to reduce its dependence on neighbor
Ukraine
,
which transships the bulk of Russian supplies to
Europe
, its
most lucrative market.
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