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
Reform of the banking system was one of the key themes at this year's World Economic Forum in Davos, with bankers coming in for a lot of criticism.
more »
Small firms have been hard hit by the economic crisis, and so must be given incentives and support, including easier access to credit, help with innovation, tax breaks and less red tape, MEPs on Parliament's Special Committee on the Financial, Economic and Social Crisis (CRIS), and experts agreed at a workshop on Monday.
more »
The elections and investiture of Porfirio Lobo as President of Honduras have cleared the way for the EU to restore normal relations with the Central American country and negotiations for signing a bi-regional Association Agreement may soon resume.
more »
The European Commission has approved applications from Lithuania for assistance under the European Globalisation Adjustment Fund (EGF).
more »
The European Commission has decided to refer Italy to the European Court of Justice (ECJ) on the basis of Article 108(2) of the Treaty on the Functioning of the European Union (TFEU) for failing to comply with a Commission decision of July 2008.
more »
The EBRD is helping to strengthen the financial sector in Bosnia-Herzegovina (BiH) with a €50 million credit line to the Deposit Insurance Agency of Bosnia and Herzegovina (DIA), the Bank’s first investment in a deposit insurance entity.
more »
In its first investment in the natural resources sector in Bosnia and Herzegovina, the EBRD is providing a €17 million sovereign loan to finance the gasification of the Central Bosnia Canton.
more »
The EBRD is increasing the availability of financing to private businesses in Armenia with a $5 million credit line and a $3 million trade finance facility to ArmSwissBank for small and medium companies (SMEs).
more »
On January 27 the European Commission assessed the action taken by Lithuania, Malta, Latvia and Hungary in response to recommendations proposed by the Commission and endorsed by the Council in July 2009 in respect to the correction of their respective budget deficits.
more »
EUROSTAT announced that Lithuania’s GDP rose by 6.1 % in the 3rd quarter of 2009 versus the previous quarter.
more »