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: Vesti.ru RIA Novosti


Author: Julia Alieva

Tags: Gazprom Russian business Resources   

Next Previous


You might also find interesting:

Key Interest Rate Will Be Lowed To 10 Percent
29.09.2016
Sechin Will Invest In Medical Centre
31.01.2017
Russia Is Developing Trade Relations With Singapore
27.01.2017
Sberbank Will Place Bonds In Yuans
06.09.2016
Inflation Will Not Exceed 6.5-7 Percent
28.07.2016



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
VTB  Alexander Lebedev  Modern Art  Car parks  Moscow  Russian ballet dancers  Aleksandr Demyanenko  Murmansk  Leon Bakst  Russia-U.S.  Russian Literature  Frescoes  Archeology  technology  Kirill Lavrov  Russian women  Moscow Architecture  medicine  Russian business  Scientific Discoveries  Russian Railways  e-commerce in Russia  Bone Carving  Spacecrafts  Russian tourism  Bolshoy Theatre  Exhibitions in Moscow  Painting  Unusual Monuments  Filipp Malyavin  Maya Plisetskaya  Political Satire  Russian universities  Nature Sanctuaries  Kuznetsk  Russian Award  contemporary art  Vasily Kandinsky  Gazprom  White Stone Architecture  Sochi hotels  Battle for Sevastopol  Russian Cinema  Museums  Soviet Actors  Mercedes-Benz Fashion Week Russia  Nizhny Novgorod  Russian rouble  Arkhangelsk  Russian history 


Travel Blogs
Top Traveling Sites