Gazprom pipelines and export capacity

Газопроводы Газпрома и экспортные мощности

South Stream specs

Характеристики "Южного потока" (на русском)

West Siberian gas pipelines (new map)

Газопроводы Западной Сибири (новая карта)

RGI 2006 Overview

Price of natural gas in Russia in 2010

Update of May-1-2010

The mystery of the Nord Stream 1.4 Billion euro finance cost

Nord Stream's project cost can not remain 7.4 Billion euro A recent statement of Nord Stream AG says the reported project cost of 8.8 Billion euro is not true and the correct number is 7.4 Billion because the company considers interest and other finance costs "separate to actual project costs". It is common to capitalise both interest during construction and finance costs to calculate the total cost of a project such as the Nord Stream gas pipeline system. The Nord Stream AG statement therefore begs the question: How does the company treat the project's finance costs apparently of some 1.4 Billion euro on its books? After all someone must pay these costs!

Morten Frisch Senior Partner Morten Frisch Consulting (MFC) UK May 5, 2010

Mikhail Korchemkin Managing Director East European Gas Analysis USA

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