Putin, Schroeder okay pipeline deal

Published September 9, 2005

BERLIN, Sept 8: The leaders of Russia and Germany gave their blessing on Thursday to a gas pipeline deal that cements Berlin’s energy ties to Moscow, but which Poland and others fear leaves them vulnerable to the whims of the Kremlin.

The deal on the pipeline, which will ship Siberian gas from Russia to Germany, bypassing Poland and the Baltic states, was signed by Russian state gas monopoly Gazprom, German utility E.ON and Wintershall, a unit of German chemical maker BASF.

Russian President Vladimir Putin and German Chancellor Gerhard Schroeder stressed the strategic importance of the project for the further development of German-Russian relations in the energy sector, the three firms said in a joint statement.

The deal, worth over four billion euros ($5.0 billion), was sealed in April when Mr Putin visited Mr Schroeder in his home town of Hanover. It was finalized by the two leaders on Thursday.—Reuters

Opinion

Editorial

Centre vs provinces
Updated 10 Jun, 2026

Centre vs provinces

The reason the centre finds itself in this position is rooted in its failure to expand the tax net and boost revenues.
Party in crisis
10 Jun, 2026

Party in crisis

THE young KP chief minister must be starting to realise just how thorny a seat he occupies. There has been a flurry...
Varsity woes
10 Jun, 2026

Varsity woes

FINANCIAL crises affecting public sector universities across Pakistan are now having an impact on academic...
Doctor attacked
09 Jun, 2026

Doctor attacked

AN act of reprehensible violence has shaken the medical community. On Saturday, an employee of the Provincial Civil...
AJK flare-up
Updated 09 Jun, 2026

AJK flare-up

The situation started deteriorating after a trader affiliated with the JAAC was reportedly shot in an altercation with law-enforcers.
Fault lines
09 Jun, 2026

Fault lines

THE April 8 ceasefire that halted hostilities between Israel and Iran has encountered its most serious test yet....