Proposed EU pipeline to cut out Russia
The European Commission has already backed the initiative.
The integrated company top priority would be to get a loan to build the Nabucco gas pipeline bypassing Russia.
Analysts say the proposal for a united pipeline company would be beneficial for European gas consumers.
BrokerCreditService's Maksim Shein says the move is a response to Gazprom's step towards “coordinating gas supplies as well as pricing.”
“It is logical for gas consumers to set up a two-sided consortium: one major producer and gas exporter like Russia, with other major gas exporting countries, and one major consumer, a united European organization,” Shein said.