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Monday, February 13, 2006

Russia to create global natural gas market - French finance minister

MOSCOW, February 11 (RIA Novosti) - Russia plans to create a global natural gas market similar to the oil market, the French finance minister said Saturday. Thierry Breton said after a G8 finance ministers' meeting in Moscow that new ways to transport natural gas and build new gas pipelines via both Europe and Asia were being discussed. Breton said France would allocate a certain amount of money for the purpose via the European Investment Bank. The German finance minister backed the construction of the North European Gas Pipeline, saying it would help stabilize gas prices.

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