• Germany's news in English

Medvedev starts Baltic gas pipeline construction

AFP/The Local · 9 Apr 2010, 16:56

Published: 09 Apr 2010 16:56 GMT+02:00

Facebook Twitter Google+ reddit

Medvedev watched the pipeline being ceremonially welded in the Portovaya bay around 60 kilometres (37 miles) from Vyborg in northwestern Russia. In an opening speech, he called the launch a "remarkable event," saying the pipeline would assure "energy security" in Europe and "reasonable and acceptable prices."

"The demand for 'blue fuel' in Europe will continue to grow," Medvedev said, referring to gas.

He then chalked "Good luck" on the pipeline, decorated with Russian and German flags.

Speaking in a video recorded in Berlin, German Chancellor Angela Merkel, welcomed the project's "enormous economic potential."

The 1,224-kilometre (758-mile) pipeline is set to be built at a cost of €7.4 billion ($9.9 billion) invested by Russian gas giant Gazprom and its German partners E.On Ruhrgas and BASF-Wintershall.

The pipeline is set to transport 55 billion cubic metres of gas annually to the German city of Greifswald, passing under the territorial waters of Russia, Finland, Sweden, Denmark and Germany.

The aim of the Nord Stream project is to make Germany less dependent on supplies of Russian gas via Ukraine, which have been interrupted in recent years by repeated acrimonious disputes between Moscow and Kiev. But it has faced fierce opposition from Ukraine, Poland and the Baltic states, which fear Moscow could use it to increase political pressure on Eastern Europe.

The European Union currently receives a quarter of its gas supplies from Russia.

Story continues below…

The president of the Nord Stream consortium, former German Chancellor Gerhard Schröder, promised the pipeline's environmental impact would be "minimal," citing studies he said cost €100 million ($134 million).

The project was personal priority of Schröder, who always supported closer ties between Berlin and Moscow during his time in office. However, he faced considerable criticism for taking a job with the consortium so soon after leaving power in 2004.

AFP/The Local (news@thelocal.de)

Facebook Twitter Google+ reddit

Your comments about this article

18:40 April 9, 2010 by moreanon
Vyborg is in north-western Russia.
16:35 April 11, 2010 by wenddiver
Don't criticize Schroder for going to work fot the Russians after leaving office. Criticize him for working for the Russian wolf while in office.
14:45 April 15, 2010 by Hebbellover
What doe that say....From Russia with Love?
Today's headlines
These are Germany's top ten universities
The new library of Freiburg University. Photo: Jörgens.mi / Wikimedia Commons

These are the best universities in all of Germany - at least according to one ranking.

Introducing Swabians - 'the Scots of Germany'
Photo: DPA

These Southern Germans have quite a reputation in the rest of the country.

Woman sues dentist over job rejection for headscarf
Photo: DPA

A dentist in Stuttgart is being taken to court by a woman whom he rejected for a job as his assistant on the basis that she wears a Muslim headscarf.

Isis suspect charged with scouting Berlin attack sites
Photo: DPA

German federal prosecutors said Thursday they had brought charges against a 19-year-old Syrian man accused of having scouted targets in Berlin for a potential attack by the Isis terror group.

Berlin Holocaust memorial could not be built now: creator
The Memorial to the Murdered Jews of Europe, in Berlin. Photo: DPA.

The architect of the Berlin Holocaust memorial has said that, if he tried to build the monument again today, it would not be possible due to rising xenophobia and anti-Semitism in Germany and the United States.

'Liberal' Germany stopping Europe's 'slide into barbarism'
Ian Kershaw. Photo: DPA

Europe is not slipping into the same dark tunnel of hate and nationalism that it did in the 1930s - mainly thanks to Germany - one of the continent's leading historians has said.

Eurowings strike to hit 40,000 passengers
Travelers impacted by the strike on Thursday wait at Cologne Bonn airport. Photo: DPA.

The day-long strike by a Eurowings cabin crew union is expected to impact some 40,000 passengers on Thursday as hundreds of flights have been cancelled.

Deutsche Bank reports surprise quarter billion profit
Photo: DPA

Troubled German lender Deutsche Bank reported Thursday a surprise €256-million profit in the third quarter, compared with a loss of more than six billion in the same period last year.

US 'warned Merkel' against Chinese takeover of tech firm
Aixtron HQ. Photo: DPA

The German government withdrew its approval for a Chinese firm to purchase Aixtron, which makes semiconductor equipment, after the US secret services raised security concerns, a German media report said Wednesday.

Long-vanished German car brand joins electric race
Photo: DPA

Cars bearing the stamp of once-defunct manufacturer Borgward will once again roll off an assembly line in north Germany from 2018, the firm said Wednesday.

10 German clichés that foreigners get very wrong
Sponsored Article
Last chance to vote absentee in the US elections
10 ways German completely messes up your English
Germany's 10 most weird and wonderful landmarks
10 things you never knew about socialist East Germany
How Germans fell in love with America's favourite squash
How I ditched London for Berlin and became a published author
12 clever German idioms that'll make you sound like a pro
23 fascinating facts you never knew about Berlin
9 unmissable events to check out in Germany this October
10 things you never knew about German reunification
10 things you're sure to notice after an Oktoberfest visit
Germany's 10 most Instagram-able places
15 pics that prove Germany is absolutely enchanting in autumn
10 German films you have to watch before you die
6 things about Munich that’ll stay with you forever
10 pieces of German slang you'll never learn in class
Ouch! Naked swimmer hospitalized after angler hooks his penis
Six reasons why Berlin is now known as 'the failed city'
15 tell-tale signs you’ll never quite master German
7 American habits that make Germans very, very uncomfortable
Story of a fugitive cow who outwitted police for weeks before capture
jobs available
Toytown Germany
Germany's English-speaking crowd