Gazprom, DOING to draft study for power-plant projects in NW Europe
MOSCOW. March 7 (Interfax) - Gazprom and Denmark's DONG have, pursuant to a memorandum signed in April 2011, agreed on a plan of action with regard to further cooperation in North West Europe concerning existing gas-fired power stations and the construction of a new, modern steam-gas plant.
Gazprom said in a statement that the plan of action calls for drafting project documentation and a financial feasibility study for Gazprom's participation in these projects.
"Power is one of our main priorities in Europe. Gazprom is interested in participating jointly with leading European power companies not only in existing power projects but also in the construction of new, state-of-the-art power plants fuelled by natural gas. And cooperation with DONG has very good prospects," said Gazprom CEO Alexei Miller.
Gazprom, in a bid to guarantee itself demand in the European market by becoming involved in gas-generation in Europe, has offered to invest in new plants in Bavaria. It previously held consultations about joint projects in electrical power with E.ON, EnBW, BASF, GDF and EDF SUEZ and RWE.
DONG Energy is 76%-owned by the state and produces oil and gas in Denmark and Norway, holds exploration licenses in Greenland and the Faroe Islands and at properties to the west of the Shetland Islands. The company has commissioned gas-fired power plants in Britain, Norway and the Netherlands and has operated plants in Denmark for a number of years. DONG has also built some of the world's biggest offshore wind farms.
Gazprom signed an initial agreement with DONG to supply gas along the Nord Stream pipeline back in 2006, and a contract for additional volumes of Russian gas via Nord Stream in October 2009.
