Energy Blast, Dec. 31, 2007
Nord Stream, a consortium led by Russia’s Gazprom, is building a new pipeline that will cost at least €5 billion. The controversial project is facing “growing opposition from governments and private environmental groups.” The Lithuanian president has acknowledged that energy issues with Russia create tension, but says that they “should in no way harm Lithuanian-Russian relations”. Gazprom is doubling its number of liquid gas filling stations in Russia, boosting its monopoly on the domestic LPG market. The president of Gazresurs says that “large state-owned energy companies like Gazprom continue to buy up gas refineries and filling station chains. At the same time, they also dictate the price for independent retailers, for example, by increasing transportation tariffs.”