Topic: Nord Stream pipeline project
Construction of the 1,220 km pipeline to pump 27.5 billion cubic meters of natural gas annually under the Baltic Sea is tentatively due to begin in 2010. It expected to go on stream in 2011 and will export Russian natural gas to Germany, Britain, the Netherlands, France and Denmark.
In an interview with Ekho Moskvy radio, Valdis Zatlers said Nord Stream "is a joint Russian-German project" that can give Latvia neither commercial benefit nor opportunities for cooperation.
However, he said, if a gas pipeline was laid not on the seabed but on land, Latvia "could make available its gas storage facilities."
The president also said Nord Stream was environmentally hazardous as, unlike the North Sea, "there is no water exchange" in the Baltic Sea.
"Basically, it's a lake," he said.
At the same time he said Latvia would not hinder Nord Stream's implementation if all environmental concerns were addressed.
Gazprom holds a 51% stake in Nord Stream AG, the project operator. Germany's Wintershall Holding and E.ON Ruhrgas control 20% each, and the remaining 9% belongs to Dutch Gasunie.
Add to blog
You may place this material on your blog by copying the link.
Image Galleries: Yury Gagarin: A down-to-earth person
Infographics: The Linguistic Diversity of the Planet
Ukraine has not preserved its 1991 borders. The signing of the Geneva memorandum on April 17 reaffirmed the willingness of Russia, the United States and EU countries to reach a compromise. While the sides continue to trade tough talk and symbolic sanctions, the Kremlin and the White House are also holding a parallel dialogue on the coordinated geopolitical revision of Eastern Europe.