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    market news

    Gazprom to Build German Power Plant

    Investing News Network
    Nov. 27, 2012 11:10AM PST
    Oil and Gas Investing

    Bloomberg reported that Gazprom intends to revisit plans to build a German power plant to increase sales by way of its Nord Stream pipeline.

    Bloomberg reported that Gazprom intends to revisit plans to build a German power plant to increase sales by way of its Nord Stream pipeline.

    As quoted in the market report:

    The northeastern German state where the pipeline comes ashore from the Baltic Sea is lobbying to build gas-fired power generators and has asked Gazprom to participate, Gunnar Bauer, the spokesman for the Economy Ministry of the state of Mecklenburg-Vorpommern, said by e-mail yesterday. A Gazprom Export official, who declined to be identified in line with company policy, confirmed its interest in the power project.

    To view the whole Bloomberg report, click here.

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