Gazprom may join Baltic Gas Association

Jun 23, 1999 02:00 AM

The London International Oil Exchange said recently that more than a dozen companies from the Baltic region had established a group called the Baltic Gas Association (BGA).
The association includes 14 oil and gas companies, most of them state-owned, and the exchange said that Russia's Gazprom might also join. (Denmark, Finland, Germany, Norway, Poland and Sweden are already represented in the BGA.)
The group's main aim is to reduce transport costs by linking the gas pipeline networks run by its members. The BGA will also support the construction of new gas pipelines and encourage increased use of gas in the Baltic region.
This may prove beneficial for Gazprom, which is already a major source of fuel for many countries in the region. However, the London exchange noted that Norway would probably seek to secure markets for its own gas through the BGA.

Source: NewsBase
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