Dutch Firm Joins Baltic Pipeline Project

Gasunie will chip in up to $1.1 billion to build the natural gas link, which may calm fears of an exclusive German-Russian alliance

Proponents of a plan to construct a natural gas pipeline from Russia to Germany made progress Tuesday when Gasunie, a Dutch gas transport company, agreed to contribute as much as €750 million ($1.1 billion) to the project. The Dutch investment is some rare good news for Nord Stream, the Russian-led consortium of energy companies backing the pipeline. The project has strong support in Russia and Germany -- former German Chancellor Gerhard Schröder is the project's chief lobbyist -- but has met strong opposition on environmental and political grounds in Scandinavian and Eastern European nations.

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