Deputy chairman of the executive board of Gazprom Alexander Medvedev
Photo: Êèðèëë Òóëèí
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Gazprom to Build Electricity Plants in Germany
Gazprom plans to enter the European electricity market with the construction of two plants in Germany. German electric company E.On will be Gazprom's partner in the plants. The Luxembourgian Soteg will be Gazprom's partner in one of the plants as well. E.On (along with BASF and the Dutch Gasunie) is Gazprom's partner in the Nord Stream project, which will bring 27.5 billion cu. m. of Russian gas to Germany by 2010 by second, with a second pipeline of equal capacity opening up in 2012.
E.On head Wulf Bernotat told Kommersant at the end of last month that the construction of electric plants was being considered as part of a deal to allow E.On into the Yuzhno-Russkoe natural gas deposit, with reserves of 700 million cu. m. of gas. Experts estimate that each electric plant will cost about $1 billion. Bernotat said that Gazprom and E.On were in negotiations over the construction of electric plants in Great Britain and Italy as well.
Gazprom deputy chairman Alexander Medvedev told Frankfurter allgemeine Zeitung that Gazprom subsidiary Gazprom Germania was considering sites in Brandenburg and on the Baltic Sea for the plants, which will run on gas from Russia.
www.kommersant.com
All the Article in Russian as of Nov. 13, 2007
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