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
On 11 February, heads of state or government of European Union member states will meet in Brussels to seek a commitment towards implementing a revitalised economic strategy to boost employment and growth in the EU.
more »
International Monetary Fund forecasts that Lithuania’s economy will grow 1.6 % this year, making it “the only one of the three Baltic economies expected to be in the positive territory in 2010”.
more »
Raynair announced it would open its 40th and 1st Central European base at Kaunas, Lithuania’s second largest city, in May with 2 based aircraft and 18 routes.
more »
A new Partnership Strategy for Morocco has been approved by the Board of Executive Directors of the World Bank.
more »
The electric car is an opportunity for European industry.
more »
The EBRD’s Board of Directors has adopted a new strategy for Kazakhstan, which reinforces the Bank’s commitment to further support the Kazakh economy and sets out the priorities for its activities in the country over the next three years.
more »
The European Commission has authorised, under EU state aid rules, plans notified by Sweden to provide a guarantee that would enable Saab Automobile AB to access a loan from the European Investment Bank (EIB).
more »
At the informal meeting of the Ministers of Competitiveness (Science and Industry), to be held between 7 and 9 February in San Sebastian, the issues on the table will include placing science at the top of the EU agenda and showcasing its role in economic recovery, as well taking the debate on the electric vehicle to EU level.
more »
The Executive Board of the International Monetary Fund (IMF) today approved a 27-month Stand-By Arrangement with Jamaica in the amount of SDR 820.5 million (about US$1.27 billion) to support the country’s economic reforms and help it cope with the consequences of the global downturn.
more »
Mr. Nadeem Ilahi, chief of an International Monetary Fund (IMF) staff mission to the Kyrgyz Republic, issued the following statement today in Bishkek.
more »