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Article: Moscow playing hardball on Nord Stream plans.(pipeline construction UPDATE)
- Article from:
- Pipeline & Gas Journal
- Article date:
- December 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 Oildom Publishing Company of Texas, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Prime Minister Vladimir Putin warned last month that Russia might abandon the Nord Stream gas pipeline planned connect the Baltic seabed to Germany. It is now suggested that Russia could switch to liquefaction and export the LNG from Russia's Baltic shore to world markets.
Putin told reporters in Moscow that "Europe must decide whether it needs this pipeline or not. If not, we will drop Nord Stream and build liquefaction plants and send the gas to other markets. We will sell it to you [Europeans], too. But it would be more expensive."
Gazprom Vice President Aleksandr Medvedev seconded the warning to Europeans about dragging their feet in what is the ...