Middle East Economic Survey

VOL. LII

No 37

14-Sep-2009

REGIONAL

Nord Stream Expects Bank Responses In Early October

The sponsors of the Nord Stream natural gas pipeline issued the request for proposal (RFP) to banks at the end of August for financing phase one of the project linking Russia and the European Union via the Baltic Sea. Crucially, it by-passes Ukraine a disagreement between Russia and Ukraine saw gas supplies cut to Europe last winter and also the former Soviet Baltic republics and...