Middle East Economic Survey


No 10



GDF Joins Nord Stream As Talks On South Stream Progress

Russias Gazprom announced on 1 March that it has signed a memorandum of understanding (MOU) with Gaz de France (GDF) for the French company to acquire a 9% stake in the Nord Stream gas pipeline project. Nord Stream construction is due to start next month. GDFs equity share will come from a reduction in the interests of Wintershall and E.ON Ruhrgas. The first of the two Nord...