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November 12, 2008

Russian PM casts doubt over US$9.4bn pipeline

By CATRINA STEWART

MOSCOW (AP) - Prime Minister Vladimir Putin suggested Wednesday that Russia might call off construction of the Europe-bound Nord Stream natural gas pipeline unless Europe offers more support for the project.

The 7.4 billion euro (US$9.4 billion) export project is intended to bypass Poland and the Baltic countries, running from Russia to Europe along the bed of the Baltic Sea. Russia wants to diversify its westward export routes to decrease reliance on its neighbors.

Full Story...

Posted by boyang at November 12, 2008 4:12 AM