05:12 GMT +324 January 2019
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    Dutch Gasunie joins Gazprom-led Nord Stream gas project

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    MOSCOW, June 18 (RIA Novosti) - Dutch gas transportation company Gasunie has joined the Nord Stream project to build a pipeline under the Baltic Sea to pump Russian natural gas directly to Germany, a Gazprom official said on Wednesday.

    In November 2007, the Russian energy giant signed a deal with Gasunie, under which the Dutch company was to receive a 9% stake in the Nord Stream pipeline.

    "Gasunie has in fact become a shareholder and only a few technical issues remain to be settled," Stanyslav Tsygankov, head of the Gazprom Foreign Economic Relations Department, said.

    Gazprom holds a 51% stake in operator Nord Stream AG, and Germany's BASF and E.ON will transfer 4.5% each of their current 24.5% stake to the Dutch company.

    The first leg of the pipeline, which will extend over 1,200 km (746 miles), with throughput capacity of 27.5 billion cu m of gas a year, is planned to be commissioned in 2010. The construction of the second leg is due to be completed by 2012.

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