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Sunday, December 11, 2005

Invesment shares in North European Gas Pipeline agreed upon

RBC, 09.12.2005, Vologda region 17:48:34.Gazprom's fourth partner with regard to the North European Gas Pipeline is likely to obtain 9 percent in the project, CEO of E.ON Wulf Bernotat said at a press conference in the Vologda region today. He added that no specific decisions had been made so far. As for the finance sources for the gas pipeline construction, he said that investment shares had already been agreed upon, but further details would be specified later. According to Gazprom's CEO Alexei Miller, the shareholders' meeting and committee headed by Gerhard Schroeder will be supreme governing bodies at North European Gas Pipeline Company set up for the pipeline's construction.

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