Gazprom Shelves Gas Pipeline Plans Amid Ukraine Crisis
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Russia’s OAO Gazprom shelved a project to expand the Nord Stream pipeline that circumvents Ukraine as relations with the European Union continue to deteriorate and natural gas demand declines.
“There are no plans to expand Nord Stream for now” because the link, which connects Russia directly with Germany through the Baltic Sea, has sufficient capacity for the moment, spokesman Sergei Kupriyanov said today by telephone. The world’s biggest gas exporter said in 2012 it would consider building two additional links and connecting the network to the U.K.