Dutch join Gazprom’s pipeline project

The Dutch national gas company Gasunie has joint the Nord Stream gas pipeline project.

The announcement came from Russian gas giant Gazprom.

The Dutch company gets 9% in the joint enterprise, reducing the shares of E.On Ruhrgas and Wintershall Holding to 20% each. Gazprom keeps its 51% stake.

The Nord Stream pipeline is to transport Russian gas to European customers, bypassing transit countries. It will run over the seabed of the Baltic Sea.

Gasunie is the operator of one of the biggest European gas networks with a total length of over 12,000 kilometres.