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GDF Suez could join Nord Stream gas project by year-end - Miller

 / Go to the mediabank GDF Suez could join Nord Stream gas project by year-end - Miller
 GDF Suez could join Nord Stream gas project by year-end - Miller - Sputnik International
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Gaz de France Suez could by the end of this year become a shareholder in a project to build a gas pipeline under the Baltic Sea to Europe, Gazprom CEO Alexei Miller said on Thursday.

SALEKHARD, September 24 (RIA Novosti) - Gaz de France Suez could by the end of this year become a shareholder in a project to build a gas pipeline under the Baltic Sea to Europe, Gazprom CEO Alexei Miller said on Thursday.

The 1,220 km (758 mile)-long Nord Stream pipeline will eventually pump 55 billion cubic meters of gas per year to Western Europe, bypassing traditional transit nations. It is due to go on stream in 2010.

Gazprom currently 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 Holland's Gasunie.

The Shtokman gas condensate field in the Russian sector of the Barents Sea, with estimated reserves of 3.8 trillion cubic meters, is to supply natural gas for the Nord Stream project.

 

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