Rus News Journal

G.Schroder has headed shareholders of Severo - the European gas pipeline

Committee of shareholders of Severo - the European gas pipeline (SEG) has selected the chairman: under the unanimous decision, to them became eks - German chancellor Gerhard Schroder.
Besides, the committee of shareholders has appointed operating director of joint venture North European Gas Pipeline Company (NEGP) Mattias Varninga, the chairman of board of directors of Joint-Stock Company Drezdner bank . On it has informed today following the results of the first official session of committee of shareholders SEG (represents interests of Gazprom, German E. ON and BASF) head of Gazprom Alexey Miller.
A.Miller also has informed that in case of occurrence of the new shareholder in project SEG Gazprom will be reserved by a controlling stock, and its partners in the project, BASF and E. ON, will keep equal shares. As he said, at the given stage the structure of shareholders is generated and is self-sufficient . Also strategic and financial priorities of committee of shareholders are defined. Therefore if the new partner also appears, it should introduce something strategically important and new for project realisation, the head of Gazprom has noted.
we will remind that Open Society Gazprom BASF and E. ON on September, 8th 2005. Have signed the basic agreement on building of Severo - the European gas pipeline. According to the document, partners create joint germano - the Russian enterprise North European Gas Pipeline Company in which capital to Gazprom will belong 51 %, to companies BASF and E. ON - on 24,5 %.
the Fourth partner of Gazprom on SEG can receive 9 % in the project from the packages now belonging BASF and E. ON. The Total amount of investments into the project exceeds 4 mlrd euro.
designed capacity of Severo - the European gas pipeline in length over 1,2 thousand in km will make 55 mlrd cubic m of gas a year. It is expected that SEG it will be placed in operation in 2010. Laid on a bottom of Baltic sea the gas pipeline will provide for the first time direct deliveries of the Russian natural gas to the Western Europe.
we will notice that a post of the chairman of committee of shareholders SEG - not a unique future place of work eks - the German chancellor. So, after seven years of board the country G.Schroder has agreed to co-operate as the adviser with the Swiss publishing group Ringier AG.
Besides, G.Schroder will co-operate with nju - jorkskim agency Harry Walker Agency which is engaged in the organisation of lectures of authoritative politicians and experts. Besides it, he has agreed to work as the adviser in Rothschild Group - one of leaders in the world of investment bank groups.