Gasunie likely to join Nord Stream project
Jun 29, 2007 02:00 AM
Gazprom's shareholders have approved at an annual general meeting a series of deals on carrying out the Nord Stream
project (previously known as North European Gas Pipeline).
One of the approved deals provides for Holland's Gasunie joining an agreement between Gazprom, E.ON Ruhrgas, and
Wintershall.
Each of the participants of the project will be required to give up 4.5 % of their shares in Nord Stream in favour of
Gasunie.
Furthermore, the shareholders have also approved the final agreement between participants of the Nord Stream project
on its expansion and financing. According to the document, Gazprom will have to contribute EUR 1.5 bn to the project.
