Reports: Russia’s Gazprom may extend Nord Stream pipeline to Great Britain

THE ASSOCIATED PRESS

MOSCOW — Russia’s Kremlin-controlled gas mammoth Gazprom has reportedly said it may extend its Baltic pipeline project to reach Great Britain.

The Nord Stream pipeline is Gazprom’s multi-billion offshore project that ferries Russian gas through the Baltic Sea to Germany. The first of the project’s two lines has been opened last November and will have an annual capacity of 27.5 billion cubic meters.

Gazprom’s CEO Alexei Miller was quoted by the Ria Novosti agency as saying Friday that BP “has shown an interest” in extending the pipeline, although no agreements have been reached so far.

Gazprom owns 51 per cent in Nord Stream, Germany’s Wintershall and E.On each own 15.5 per cent, and Netherland’s Gasunie and France’s GDF Sues each have 9 per cent of the shares.

10:17ET 29-06-12

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