facebook
twitter
rss
account
search
search
 

Medvedev in Germany to talk Nord Stream

July 16, 2009 at 12:16 PM   |   Comments

MUNICH, Germany, July 16 (UPI) -- Russian President Dmitry Medvedev met Thursday with German Chancellor Angela Merkel to discuss energy security and the Nord Stream gas pipeline.

Sergei Prikhodko, an aide to Medvedev, said fuel and energy cooperation were at the top of the agenda for the meeting between the two leaders.

He added the talks focused particularly on the political aspects of implementing the Nord Stream gas pipeline, which he described as of "strategic importance not only for Russia and Germany, but for the whole of Europe," RIA Novosti reports.

The Nord Stream gas pipeline would transit along a dual route through the Baltic Sea to Germany. Russia sees the project, and its South Stream counterpart, as an option to avoid politically sensitive routes through Ukraine that transfer 80 percent of all Russian gas to Europe.

Europe, for its part, puts its faith in the Nabucco pipeline, though that project suffers from a lack of firm commitments from potential gas suppliers and financial shortfalls. Merkel in March said she wants no public funding for the $10.3 billion Nabucco project.

The two leaders discussed a series of business ventures during their meeting Thursday in Munich. Medvedev, apart from the Nord Stream deal, pushed for a bid by Sberbank Rossii, the Russian bank, and Magna International Inc., the Canadian automotive company, to buy the German division of General Motors.

© 2009 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
New F-35 sustainment system undergoing flight testing New F-35 sustainment system undergoing flight testing
2
Scrap South Stream, Europe says Scrap South Stream, Europe says
3
Apple to authorities: No iPhone user data, even with a warrant Apple to authorities: No iPhone user data, even with a warrant
4
Boeing to build new passenger spacecraft for NASA Boeing to build new passenger spacecraft for NASA
5
BAE Systems introduces new mine-protected vehicle BAE Systems introduces new mine-protected vehicle
Trending News
Video
x
Feedback