Former German Chancellor Gerhard Schroeder will lead the shareholders committee for a German- Russian gas-pipeline project to pump gas under the Baltic Sea, OAO Gazprom Chief Executive Alexei Miller said today.That is the deal he approved three months ago. This is beyond question. I don't think we have smelled a worse Russian-German scam since they carved up Poland.
State-controlled Gazprom began building the more than 4- billion-euro ($4.7 billion) North European gas pipeline project today in the town of Babaeyvo in Russia's Volodga region, north of Moscow.
The pipeline will allow Gazprom to ship gas directly to Germany, bypassing Poland, Ukraine and Belarus. It will carry 27.5 billion cubic meters of gas a year in 2010 and twice that much by 2012, Miller said. Gazprom will raise gas exports to Europe 4.1 percent to 151 billion cubic meters in 2006 following a 3.1 percent jump this year as demand and prices rise.
For some reason, I don’t think you will hear too much about this on the English Deutsche Wella besides this little bit hid in a corner – they are too concerned with terrorists frequent flyer miles.
More at David's Medienkritik.
Hat tip CAPT Ed.