NordTransgas starts feasibility study for Baltic Sea gas pipeline

Jul 18, 2000 02:00 AM

The Finnish-Russian joint venture NordTransgas has started a feasibility study for a gas pipeline which is planned to carry Russian gas exports to Scandinavia and western Europe, an official at the Finnish oil and gas concern Fortum, one of the founders of NordTransgas, said. He said the pipeline would run along the bottom of the Baltic Sea.
"The feasibility study will include all data on the pipeline's construction, costs and a financing scheme," the official told. He said the study would be presented to all prospective investors. The official said he expected NordTransgas to take a final decision on the pipeline's exact route by September.

Source: Bridge News via Newspage
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