Gazprom to Build German Power Plant

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.