20:24 GMT +309 December 2016
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    RUSSIA, FINLAND START CONSORTIUM TO LAY OIL MAINLINE IN EUROPE'S NORTH

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    MOSCOW, FEBRUARY 3 (RIA Novosti correspondent Alla Isayeva) - Russia's Gazprom Co., the Finnish-based Fortum and the Commission of European Communities will quite soon make a contract for feasibility studies of a North European petroleum mainline, said Viktor Khristenko, Deputy Prime Minister, as he was summing up for the media his Moscow conference with Francois Lamoureux, Director General of the European Commission for transport and energy.

    A Gazprom-Fortum consortium recently won an European Union tender for such studies to receive an EU allocation of three million euros.

    An initial stage of the job, which envisages capital investment evaluation, may be finished within the year to get over to other parts of the task, and eventually make final estimations of the route, costs and construction terms, said the Russian Vice-Premier.

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