Russia and Germany have good outlook for energy cooperation

Dec 21, 2004 01:00 AM

Russia and Germany have a good outlook for energy cooperation, Russian Deputy Economic Development Minister Andrei Sharonov told. Gazprom and Germany's E.ON have major projects in the sphere, he said. One of them is the promising project of the North European gas pipeline.
Gazprom intends to enter the distribution network market of the West and East Europe, Mr Sharonov pointed out. The Russian gas giant is now in talks with E.ON. However, the issue is not included in the agenda of the current Russian-German consultations as there is no feasibility study so far, he added.

The Northern European gas pipeline creates a completely new route for transporting Russian gas to Europe. Its fulfilment will allow connecting gas transportation networks of Russia and the Baltic region directly with the common European network.
The advantage of the pipeline is that there will be no transit states on its way, which diminishes risks and cost of gas supplies and boosts their reliability.

The pipeline route will go across the Baltic Sea from Vyborg north of St Petersburg to the German coast near the town of Greifswald. The project envisages construction of sea offsets to supply gas to Finland, Sweden, Britain and other countries.
Its construction will help to expand gas supplies to Scandinavia and will ensure stable gas deliveries to consumers in Western Europe, North-western Russia and the Kaliningrad region (Russia's enclave in the Baltic).

Source: Russian Information Agency Novosti
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