`` Gazprom agreed to build a GAS PIPELINE TO GERMANY
Despite the fact that at the Hannover Fair Russia hopes to interest European high-tech projects, the first significant news came from the monopoly of the world#39;s biggest commodity - Gazprom. The head Alexei Miller said that in the fall of 2005 to begin construction of the North European Gas Pipeline. The project, which Gazprom will implement together with the German company BASF, will be completed in 2010.
We have agreed with BASF to establish a joint venture in which BASF will have 49% - Miller said at a press conference in Hanover. Moreover, the head of Gazprom does not rule out that in terms of completion of construction of the pipeline can be made to any minor adjustments, RIA Novosti. North European gas pipeline - a new export route for Russian gas supplies to Europe.
This will improve the reliability and stability of gas supplies to Germany and Europe - said Miller. He added that the supply will be mainly conducted in the Northern European markets. Describing the agreement signed today, Miller said: The co-operation has been launched, the interpenetration of the two power engineer - Russia and Germany. Today is the beginning of a new era for our cooperation is in all matters ...
We invest not only the assets, money, but also the confidence of both sides. Together we are strong - concluded Miller. Head of Gazprom has promised that work together Russian and German North European gas pipeline will not adversely affect the volumes of Russian gas supplies to the markets of third countries.
