Russia’s oil and gas giant Gazprom is eager to increase deliveries to Asia, but that hasn’t stopped it from inking new deals with Germany. Sputnik reports:
Russian energy giant Gazprom announced Thursday that it was intending to construct two a double pipeline from Russia to Germany through the Baltic Sea with E.ON, Shell and OMV.
“The memorandum demonstrates the intention of the sides to implement the project of construction of two strings of the pipeline from the coast of Russia through the Baltic Sea to the coast of Germany. The capacity of the new pipeline will be 55 billion cubic meters annually,” Gazprom said in a statement.
This is just another indicator that western oil majors are against cutting ties with Russia. And yet, Europe continues to cling to its self-destructive sanctions.
via Marshall Horn, CFTC What Sanctions? Gazprom to Build Two New Gas Pipelines to Germany
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