
The 1,224-kilometer North Stream pipeline, starting at Russia's northwestern town of Vyborg, is to make its first gas deliveries to Germany's terminus near the town of Greifswald next week, according to German press reports. The 7.4-billion-euro pipeline which runs from Russia's Arctic gas fields, under the Baltic Sea to Europe via Germany, will be inaugurated on Tuesday in a special ceremony in the northern easter German town of Lubmin. The opening festivities will be attended by Chancellor Angela Merkel, Russian President Dmitry Medvedev, French Prime Minister Francois Fillon and his Dutch counterpart Mark Rutte. Russian gas sent via the North Stream pipeline will primarily go to consumers in Germany, the Czech Republic and Slovakia. Gazprom is the majority shareholder in the company operating North Stream, while minority shareholders are Germany's Wintershall and Ruhrgas, Dutch company N. V. Nederlandse and France's GDF Suez. Russia supplies about a quarter of the natural gas consumed in Europe. Gas needs in Europe are expected to surge 50 percent in the next decade to 200 billion cubic meters per year. North Stream will account for 55 billion cubic meters once its capacity doubles by 2013. Russia's overall exports to Germany reached 31.8 billion euros last year, of which gas and oil accounted for about 70 percent.
GMT 17:56 2018 Wednesday ,17 January
Ericsson to write down 1.4 billion euros in fourth quarterGMT 19:16 2018 Saturday ,13 January
China shuts Marriott website over Tibet error, scolds other firmsGMT 17:31 2018 Thursday ,11 January
UK group bids for Europe's biggest aluminium smelterGMT 17:24 2018 Thursday ,11 January
UK supermarket Sainsbury's lifts outlook after bumper ChristmasGMT 17:52 2018 Tuesday ,09 January
H&M removes 'black boy' ad after racism accusationGMT 19:38 2018 Wednesday ,03 January
Petrobras pay $2.95bn to settle US class action on corruptionGMT 13:49 2018 Wednesday ,03 January
China’s Ant Financial drops $1.2 billion MoneyGram deal as US approval failsGMT 17:47 2017 Sunday ,31 December
BA owner to buy bankrupt Austrian airline Niki
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor