BBC NEWS Americas Africa Europe Middle East South Asia Asia Pacific Arabic Spanish Russian Chinese Welsh
BBCi CATEGORIES   TV   RADIO   COMMUNICATE   WHERE I LIVE   INDEX    SEARCH 

BBC NEWS
 You are in: Business
Front Page 
World 
UK 
UK Politics 
Business 
Market Data 
Economy 
Companies 
E-Commerce 
Your Money 
Business Basics 
Sci/Tech 
Health 
Education 
Entertainment 
Talking Point 
In Depth 
AudioVideo 


Commonwealth Games 2002

BBC Sport

BBC Weather

SERVICES 
Monday, 3 September, 2001, 12:32 GMT 13:32 UK
Norway and Poland sign gas deal
Norwegian gas platform
Norway still has to demonstrate the project is economical
Poland and Norway have signed a major deal on natural gas deliveries including the construction of a 1,000km pipeline that will open up supply to the whole Baltic region.

The Polish Prime Minister, Jerzy Buzek, said the deal also had what he called "security aspects", becuase the country has been dependent on gas deliveries from Russia.

The agreement is worth $11.3bn (7.8bn) and covers the delivery of more than 74 billion cubic metres of Norwegian gas to Poland.

A 1,000km gas pipeline will be built between the countries, which the two leaders said could be used for deliveries to other countries in the region.

The agreement still needs European Union clearance over competition concerns and sufficient gas orders in order to make the pipeline economically viable.

The left-leaning Democratic Left Alliance (SLD) opposition party in Poland has also rejected the deal ahead of elections later this month.

A consortium of gas companies on the Norwegian side - Statoil, Norsk Hydro, Shell, ExxonMobil and TotalFinaElf - will build the pipeline before the project comes on stream in 2008.

See also:

30 May 01 | Business
Europe's need for Gazprom's gas
Internet links:


The BBC is not responsible for the content of external internet sites

Links to more Business stories are at the foot of the page.


E-mail this story to a friend

Links to more Business stories