Pipeliners

01.12.2005 IntelliNews Today - According to Gazprom's deputy CEO Alexander Medvedev, the company will shortly select its third partner for North European Gas Pipeline project. The project involves building a gas pipeline from Russia to Germany and then probably to the Netherlands and UK . The pipeline will be constructed on the Baltic Sea seabed. Companies interested in partnership with Gazprom include Dutch Gasunie, French Gaz de France and UK 's BP and Transco. At present Germany 's E.ON/Ruhrgas and BASF are Gazprom’s only partners in the venture. Gazprom holds a 51% stake, while the German companies hold 24.5% stakes each. The newly selected partner will reduce the shakes of the German companies and Gazprom will retain its controlling stake.