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
An aviation agreement has been signed today by the European Union and the Vietnamese authorities which will remove nationality restrictions in the bilateral air services agreements between EU Member States and Vietnam.
more »
The European Investment Bank marked the 50th anniversary of the Republic of Cyprus and its 30 years of activity in the country with a public ceremony celebrating the signature of a total of EUR 180 million for urban environment.
more »
In response to the financial crisis, the Commission has put forward legislative proposals to strengthen and expand existing tools for coordinating economic and fiscal policy in the EU.
more »
In the first meeting of the SME Finance Forum, possible means to improve the current situation of access to finance were discussed, such as the introduction of a grace period for firms in difficulties, the involvement of credit mediators and improved loan guarantees.
more »
The EU budget is no simple matter, but then no budget ever is.
more »
Parliament will be crucial in avoiding a “lowest common denominator” approach when helping to design the EU's new economic governance architecture, ECB president Jean-Claude Trichet told the Economic and Monetary Affairs Committee on Monday.
more »
With a multitude of language-related events taking place on or around 26 September, the main themes for this year's European Day of Languages are business and jobs.
more »
The EU disbursed today € 1.15 billion to Romania, the third instalment of a € 5 billion loan, which was agreed in May 2009 as part of a multilateral financial assistance package.
more »
The European Investment Bank has agreed to lend GBP250 million for the replacement, reinforcement and expansion of the gas distribution networks operated by Scotland Gas Networks and Southern Gas Networks.
more »
The bargaining positions of all players in the human food chain must be rebalanced, and fair competition enforced by law, to ensure fair returns to farmers and price transparency to consumers, says Parliament in a resolution voted on Tuesday.
more »