Middle East Economic Survey

VOL. LII

No 16

20-Apr-2009

CASPIAN

GDF Suez Begins Negotiations To Join Nord Stream Gas Pipeline Consortium

GDF Suez Chairman and CEO Gerard Mestrallet told reporters on 10 April that the company had started negotiations with the Nord Stream gas pipeline partners, with a view to participating as a minority shareholder. GDF Suez aims to secure an initial 2.5 bcm/year of gas supply through Nord Stream, which is expected to cost $10.5bn and have capacity to deliver up to 55...