Gazprom wields Yamal-Europe pipeline plan, report
Russia’s Gazprom is revisiting the idea of building the second strand of the Yamal-Europe gas pipeline to boost volumes to Europe as it raises the stakes in a pricing dispute with Ukraine, the Interfax news agency reported on Wednesday. Alexei Miller, the head of Gazprom, told Russian President Vladimir Putin that the additional link could be launched in 2018-2019 and raise its capacity by 30%, or around 15 billion cubic meters a year, Interfax reported. Miller said the company had completed talks with Poland, Hungary and Slovakia about the possibility of increasing supplies via the so-called Yamal-Europe 2 pipeline. But Polish Treasury Minister Mikolaj Budzanowski voiced skepticism about the project. “I approach media speculation regarding the second Yamal gas strand with great caution, as agreeing or disagreeing to such a project should depend on the price of the transit gas and its suppliers,” Budzanowski said in a statement.
ADVERTISEMENT
Minister Asks Banks to Introduce Voluntary Rate Caps
Hungary, Poland Diverging in Views of Russia
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
