RusEnergy

RBC, 09.12.2005, Vologda region 18:52:33 – The growing gas demand in Germany and the EU will be fully satisfied, Gazprom's CEO Alexei Miller told a press conference today. The construction of the North European Gas Pipeline is the largest investment project in Europe, Miller added. Regarding environmental concerns over the pipeline's Baltic sea floor location, Miller said that no environmental studies had revealed any particular risks. Gazprom has just started constructing the pipeline's overland part. The pipeline will go to Germany, the Netherlands and finally to Great Britain, bypassing the Baltic countries, Ukraine and Poland. The full completion of the pipeline is expected by 2013. Overall investments are to exceed EUR4bn.