Deals
The Plan to Transfer More Russian Fuel Directly to Europe
- German link needs investment of at least one billion euros
- Eugal will transport natgas from Nord Stream 2 further east
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German natural gas network operator Gascade Gastransport GmbH is in talks with investors to raise money for a new pipeline that will carry more Russian fuel directly to Europe.
Gascade is in contact with potential partners for the 485-kilometer (301-mile) German offshoot of Nord Stream 2, according to Tatjana Bernert, a spokeswoman for the Kassel-based company co-owned by Russia’s Gazprom PJSC and Germany’s BASF SE. She declined to specify who the company is speaking with for the project known as Eugal.