Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russia Launches Major Gas Pipeline to Europe
13.09.2011 11:38
Russia Launches Major Gas Pipeline to Europe

On Tuesday Russian Prime Minister Vladimir Putin launched the Nord Stream pipeline, which was designed to bring Russian natural gas to Germany through the bed of the Baltic Sea, avoiding shipments via Ukraine.

      With the click of a computer mouse, Putin opened the valve to let the gas into the first Nord Stream pipeline at the Portovaya compressor station at the Russian-Finnish border. After gas fills the pipeline, Russia will start gas shipments in Europe. The first shipment will be ready by the beginning of October.

      The $11 billion Nord Stream project, owned 51 percent by Russia's Gazprom gas export monopoly and 15.5 percent each by Germany's E.ON Ruhrgas and BASF-Wintershall, includes two roughly parallel pipelines with an overall annual capacity of 55 billion cubic meters.

      The second pipeline, which will bypass Ukraine, Belarus, Poland and other transit countries, is expected to be finished by 2012. That means that Ukraine will finally lose its exclusive status as a transit country for Russian gas to Europe.

        However, energy experts point out at fact that, even despite the opening of new transport routes, Ukraine will continue to play a pivotal role for the Russian gas exports in years to come.

        "Ukraine loses the temptation to beneit from its transit position, so, I hope, our relations will become more civilized", Putin told journalists. 


Source: RIA Novosti

Author: Julia Alieva

Tags: Gazprom Russian business Resources   

Next Previous

You might also find interesting:

Ozon.Invest P2B Financing Service
The Number of Sentences Imposed by Russian Courts with Regards to Economic Crimes has Increased by 20%
Chinese Company May Receive 100% of the Shares of the Russian Intourist Tour Operator
AliExpress Russia will be Launched in 2019
Non-cash Tips in Moscow

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Russian business  Mercedes-Benz Fashion Week Russia  St. Petersburg  Fashion Futurum  Antarctic Station  travel to Russia  Russian regions  Russian action  Zheleznaya Mountain  Exhibitions in Moscow  Russian Poets  Sebastopol Battle  Russia-Germany  Russian space exploration  Manors  Khanty-Mansiysk  Oboronservis scandal  Russian winter sports  Russian airports  Yekaterinburg Monuments  Plane rash In Kazan  Moscow Museum of Modern Art  Festivals in Moscow  Moscow airports  Mysterious Finds  Russian businessmen  Transaero  Russian Cinema  Famous Russians  Kirov  Moscow hotels  Baikal  Russian startups  aircraft  Lovers Bench  Russian tourism  Vasily Perov  Moscow  Sculpture  airport transfer in Russia  lung transplantation  Skiing in Moscow  Chechen republic  Russian opera singers  Musicals in Moscow  Gifts Expo  Olympics 2012  Ukraine crisis  Aeroflot  Nikolay Gogol 

Travel Blogs
Top Traveling Sites