Dutch firm signs gas pipeline

Published November 7, 2007

MOSCOW, Nov 6: Dutch gas company Gasunie on Tuesday signed a deal with Russian gas monopoly Gazprom to help build a controversial gas pipeline between Russia and Germany beneath the Baltic Sea, Gazprom said.

The agreement gives Gasunie a nine per cent stake in the Nord Stream consortium, which is planning a 1,200-km undersea pipeline from Vyborg in Russia to Greifswald in Germany, Gazprom said in a statement.

Gazprom controls 51 per cent of the pipeline, which it plans to use to supply energy-hungry Western Europe when it is completed in 2010, the statement said. German firms BASF and EON now control 20 per cent each, the statement said.

Under the deal signed in Moscow, Gazprom also gets an option on nine per cent of the recently built BBL gas pipeline linking Britain and Holland.

Sweden and Estonia have objected to the project citing environmental concerns. Poland, which is heavily dependent on Russian gas, objects to the fact that it is being bypassed by the new pipeline.

The deal was signed by Gazunie CEO Marcel Kramer and Gazprom chairman Alexei Miller at a ceremony attended by Dutch Prime Minister and Russian President.—AFP

Opinion

Editorial

A difficult story
Updated 12 Jun, 2026

A difficult story

Unless productivity becomes the dominant target of economic policy, Pakistan will continue to oscillate between crises and fragile recovery.
Rough waters
12 Jun, 2026

Rough waters

AMONGST the key potential triggers for fresh conflict in South Asia is water. The Indian state is behaving in an...
Politicised football
12 Jun, 2026

Politicised football

ALMOST three-and-half years since Lionel Messi led Argentina to FIFA World Cup glory, the latest edition of...
GB polls’ aftermath
Updated 11 Jun, 2026

GB polls’ aftermath

The new administration must address the region’s issues proactively.
Peace in retreat
11 Jun, 2026

Peace in retreat

THE ceasefire announced in April was supposed to create space for negotiations. Instead, it has been repeatedly...
A few good men
11 Jun, 2026

A few good men

IT was a brave move, no doubt. This Tuesday, in the land of the Afghan Taliban, a few good men decided to take a...