22:33 GMT +3 hours27 November 2014
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Gazprom May Extend Nord Stream to UK

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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.

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.