“Gasprom” Leaves Belarus At a Loss 11:05, 05/02/2002
The directorate of the “Gasprom Ltd.” passed a decision during its Monday session to enhance the capacity of the “Yamal-Europe” gas pipeline and declined to continue with the project on constructing a pipeline avoiding the territory of Ukraine through Poland. “Interfax” was told this during a phone conversation with the investors by a member of the “Gasprom’s” directorate Boris Fedorov.
The decision to halt the project, worth over $1bln has been passed in order to curtail the company’s investment program, which would not receive the expected resources as a result of the government’s decrease of the price-growth at the gas market, requested by the “Gasprom”.
Consortium on laying the pipe across the territory of Poland and Slovakia around Ukraine had been set up in fall 2000 by the “Gasprom”, Italian “Eni”, French “Gas de France” and German “Ruhrgas” and “Wintershall”.
At present the “Yamal-Europe” gas pipeline exports around 17 cubic meters of Russian gas a year, whose buyer is the Russian-German trade palace WEIH, founded in early nineties on the parity system. Expectedly, by the year 2003 the volume of supplies through this pipeline will rise to approximately 33bln cubic meters per year owing to the construction of new compressor stations on the Polish territory.