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Merkel, Medvedev Open Gas Pipeline

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  • Merkel, Medvedev Open Gas Pipeline

    MERKEL, MEDVEDEV OPEN GAS PIPELINE

    PanARMENIAN.Net
    November 8, 2011 - 14:36 AMT

    PanARMENIAN.Net - The leaders of Germany and Russia are officially
    opening a euro7.4 billion ($10.2 billion) natural gas pipeline that
    directly links western Europe with Siberia's vast gas reserves.

    Chancellor Angela Merkel and President Dmitry Medvedev were meeting
    Tuesday, November 8, in the village of Lubmin on Germany's Baltic
    Seacoast where the 1,200-kilometer (760-mile) Nord Stream underwater
    pipeline reaches land.

    French Prime Minister Francois Fillon and his Dutch counterpart Mark
    Rutte are also attending the ceremony in a sign of the political
    importance of Europe's newest energy link, meant to strengthen the
    security of the gas supply, The Associated Press reported.

    The pipeline is to ferry the gas from near St. Petersburg under the
    Baltic Sea to Lubmin by circumventing traditional overland transit
    routes in Poland and Ukraine .

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