Gas giant Gazprom has said that oil majors Royal Dutch/Shell and French Total may join its USD 5.7 billion pipeline project from Russia to Germany and onward to Europe. Gazprom, which already supplies Europe with one-quarter of its gas needs, is looking to increase supplies by at least 50% in the next decade and is developing new routes to cut its reliance on transit via Ukraine and Belarus. “These companies [Total and Shell] are the most advanced in their proposals,” Alexander Medvedev, the head of Gazprom’s export arm, Gazexport, told a news conference. The project envisages construction by 2007 of a 3000km pipeline under the Baltic Sea to Germany with possible branches to Finland, Sweden and Britain, with the aim of shipping up to 35 billion cubic meters per year.
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