Gazprom says Shell, others to join in building gas pipeline to Germany
Jun 18 2015, 08:37 ET | About: Gazprom OAO ADR (OGZPY) | By: Carl Surran, SA News Editor
Gazprom (OTCPK:OGZPY) agrees to build a pipeline to Germany under the Baltic Sea with some of its biggest gas buyers in Europe, Royal Dutch Shell (RDS.A, RDS.B), Germany's E.ON (OTCQX:EONGY) and Austria's OMV (OTC:OMVJF).
Gazprom says it would own 51% in the project to build stage 3 and 4 of Nord Stream, with capacity of 55B cm/year.
Gazprom and Shell also sign an agreement to expand the Sakhalin-2 LNG project, Russia's sole liquefied natural gas plant, with a third line that would add 5M metric tons/year of LNG to current annual capacity of ~10M metric tons.
Jun 18 2015, 08:37 ET | About: Gazprom OAO ADR (OGZPY) | By: Carl Surran, SA News Editor
Gazprom (OTCPK:OGZPY) agrees to build a pipeline to Germany under the Baltic Sea with some of its biggest gas buyers in Europe, Royal Dutch Shell (RDS.A, RDS.B), Germany's E.ON (OTCQX:EONGY) and Austria's OMV (OTC:OMVJF).
Gazprom says it would own 51% in the project to build stage 3 and 4 of Nord Stream, with capacity of 55B cm/year.
Gazprom and Shell also sign an agreement to expand the Sakhalin-2 LNG project, Russia's sole liquefied natural gas plant, with a third line that would add 5M metric tons/year of LNG to current annual capacity of ~10M metric tons.
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