Topic: Nord Stream pipeline project
MOSCOW, June 29 (RIA Novosti)
- UK Interested in Nord Stream Gas - Putin
- Russia to Launch Nord Stream's 2nd Pipeline in Oct
- Nord Stream Lays Second Pipeline Ahead of Schedule
- Germany’s Defense Ministry Complains Over Nord Stream Route
Russian gas monopoly Gazprom has decided in principle to extend its Nord Stream pipeline project to reach Great Britain, CEO Alexei Miller said on Friday.
“British Petroleum has shown an interest,” Miller said, adding however there were no specific agreements.
Nord Stream ferries Russian gas through the Baltic Sea to Germany. The first of the project's two lines was opened in November and will have an annual capacity of 27.5 bcm.
Gazprom owns 51 percent in Nord Stream, Germany's Wintershall and E.On each have 15.5 percent, and the Netherland's Gasunie and France's GDF Suez each own 9 percent of the shares.
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Any response would likely boomerang on Russia – the partnership between Rosneft and ExxonMobil is a case in point. The United States has hit Russia with a third round of sanctions. This time the Americans went with a higher caliber weapon, targeting Russia’s biggest energy companies (Rosneft and Novatek) and banks (VEB and Gazprombank).