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Friday, August 26, 2005

Gazprom starts building North European gas pipeline

22.08.2005 IntelliNews Today - According to Leningrad Region’s governor’s press-office, Gazprom started the construction of North European gas pipeline. The first part of the pipeline is to be built in the Boksitogorsk district of the Leningrad Region and is expected to be completed within 6 months. The whole project envisages building more than 3,000-kilometer gas pipeline along the Baltic Sea floor from Russia to Germany , Netherlands and United Kingdom with possible branches to Sweden , Finland and Kaliningrad Region. Roughly estimated value of the project stands at USD 5-6bn.

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