RWE plans Czech-Belgium gas pipeline - magazine

03.02.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

German power group RWE will announce this coming week its plans to invest 1 billion euros ($1.30 billion) to build a natural gas pipeline from...

...the Czech Republic to Belgium, Focus reported on Saturday.

The company declined to comment.

According to the German magazine, RWE aims to create a new transport route into western Europe for gas the company is importing from Russia.

RWE's Czech unit Transgas extended a contract in December in which Russia's Gazprom agreed to supply it gas until 2035.

A source familiar with the situation said that RWE wanted to expand its gas business both on the procurement and on the transport sides.

[FRANKFURT/Reuters/Finance.cz]

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