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Medvedev suggests int'l consortiums to operate transit pipelines
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09:00, June 06, 2008

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Visiting Russian President Dmitry Medvedev on Thursday suggested setting up international consortiums involving Russia, the European Union and transit nations to operate transit pipelines for its oil and gas exports bound for Europe.

Medvedev, who is on his first European visit after his May 7 inauguration, said in Berlin that Russia "is ready to consider establishing international consortiums, which would become operators of transit pipelines with the involvement of companies from Russia, the European Union and the transit states."

He said that the plan would represent the mutual dependence in Europe.

Energy cooperation is one of the major issues on the agenda of Medvedev's one day visit in Berlin.

The Russian leader and German Chancellor Angela Merkel said after their two-hour talks earlier on Thursday that they would make efforts to overcome concerns over the planned Baltic gas pipeline linking the two countries.

Merkel said that the pipeline was not targeted against other countries but would facilitate gas supplies to "the whole European continent".

The Baltic pipeline, which would be built by a consortium of German and Russian companies, is expected to bring Siberian gas for distribution in Europe via subsea pipelines under the Baltic Sea to a landing point near Greifswald in eastern Germany from 2011.

It would bypass traditional Russian gas transit countries such as Poland, Ukraine and the Baltic states.

Source:Xinhua



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