Russian gas firm Gazprom is aiming to grab a greater share of the UK market
Published:
18 November 2004 y., Thursday
Russian gas firm Gazprom is aiming to grab a greater share of the UK market. A pipeline linking Russia and the UK could be built as part of the plans by the world's largest gas company.
Gazprom has been exporting gas to UK utility companies since 1999 but now hopes to gain a 10% share by 2010 by selling direct to industrial customers.
The UK, Europe's largest gas market, will become increasingly dependent on outside suppliers from 2005 as its North Sea resources start to decline.
Gazprom is part of a consortium planning to build a 1,189km (738 mile) pipeline under the Baltic sea to Germany, and says this could be extended on to the UK.
It said it was in talks with British Gas owner Centrica about future supply contracts and possible investment in the pipeline.
Russian has the world's largest reserves of gas and Gazprom already accounts for about a quarter of the world's needs.
Gazprom said it also wants to sell gas to industrial customers in France, Belgium and the Netherlands.
Šaltinis:
BBC News
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
A specific EU budget line for the new EU stabilisation mechanism should be created as soon as possible, to ensure its credibility, Council, Commission and Parliament negotiators agreed at a three-way meeting on Wednesday.
more »
New EU rule will help phone-users avoid astronomical bills for web-surfing and downloads abroad.
more »
The Communication approved today by the Commission builds on the principles presented on 12 May to reinforce the economic governance in the European Union.
more »
Eurostat report just published shows that the crisis has brought some lower taxes.
more »
New legislation is needed to ensure fair returns to farmers and transparent prices to consumers, by enforcing fair competition throughout the food supply chain, said Agriculture Committee MEPs on Monday.
more »
Fish imports play a crucial role in supplying the European market, yet fisheries and aquaculture are strategic sectors that do not lend themselves to a purely free-trade approach, believes the EP Fisheries Committee.
more »
I will support every proposal that strengthens cooperation among the European Union's Member States and serves Lithuania's interests," President of the Republic of Lithuania Dalia Grybauskaitė said at the meeting with EU Member States' ambassadors resident in Lithuania.
more »
The fourth World Lithuanian Economic Forum “High tech innovation & investment: local to global” will start in London on 22 June.
more »
Lithuania aims for the five Nordic countries and three Baltic States to become single community of values, which would be linked by a versatile quality of democracy, security and everyday life.
more »
MEPs decided on Wednesday to create a special committee to prepare for the EU's next long-term budgetary framework.
more »