Monday, 26 November 2012

BP eyes UK extension to gas route

BP holds talks with the Russian government and stakeholders in the Nordstream pipeline about extending the line to deliver gas to the UK.
The pipeline currently runs under the Baltic Sea, delivering Russia's huge reserves of gas into Germany.

BP said any potential extension to the pipeline was unlikely to be agreed before next summer.

As North Sea production falls away, the UK has begun to import more gas from overseas, mainly from Norway and Qatar.