Gazprom Pumps First Gas Into Baltic Link, Bypassing Ukraine
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OAO Gazprom today started pumping natural gas into a $10 billion subsea pipeline from Russia to Germany, bypassing Ukraine, where disputes halted supplies to European customers at least twice since 2006.
The Nord Stream pipeline runs under the Baltic Sea and will be able to carry enough gas to supply 26 million European homes when it’s fully up and running next year. It’s the first direct link between western Europe and Russia, which supplies about 25 percent of the European Union’s gas.