Russia to Extend Nord Stream Pipeline to Britain

Nord Stream will likely be extended to reach Britain. Map from nord-stream.com

Russian gas monopoly Gazprom has decided in principle to extend its Nord (Nord) Stream pipeline project to reach Great Britain, CEO Alexei Miller said on Friday.

"British Petroleum has shown an interest," Miller said, adding however there were no specific agreements, as cited by RIA Novosti.

Nord Stream ferries Russian gas through the Baltic Sea to Germany. The first of the project's two lines was opened in November 2012, with an annual capacity of 27.5 bcm.

Gazprom owns 51% in Nord Stream, Germany's Wintershall and E.On each have 15.5%, and the Netherland's Gasunie and France's GDF Suez each own 9% of the shares.

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