&host=rt.com&uri=/business/news/proposed-eu-pipeline-to-cut-out-russia/&via=(none)&ua=CCBot/1.0 (+http://www.commoncrawl.org/bot.html))
Proposed EU pipeline to cut out Russia
Published: 06 December, 2007, 13:47
Hungarian oil and gas company MOL has called for the merger of at least eight gas transmission companies in central and south-eastern Europe. The new firm would be called the New European Transmission System.
The European Commission has already backed the initiative.
The integrated company top priority would be to get a loan to build the Nabucco gas pipeline bypassing Russia.
Analysts say the proposal for a united pipeline company would be beneficial for European gas consumers.
BrokerCreditService's Maksim Shein says the move is a response to Gazprom's step towards “coordinating gas supplies as well as pricing.”
“It is logical for gas consumers to set up a two-sided consortium: one major producer and gas exporter like Russia, with other major gas exporting countries, and one major consumer, a united European organization,” Shein said.
06.12.2007, 12:33
State debt to pass $US 20 billion by 2010Finance Minister Aleksey Kudrin has been defending plans to increase Russia's national debt over the next three years. |
06.12.2007, 17:08
State to gobble up private businesses?Until last Friday, Oleg Shvartsman was just one of many fund managers. Today, his name is mentioned in every other newscast. He owes his new-found fame to the Kommersant newspaper, in which he claimed the state is looking to take over strategic sectors of |
