Reuters reported that Russia gas monopoly Gazprom supplies one quarter of Europe gas needs.
Below are new pipeline projects aimed at bringing more Russian gas to Europe
1. Nord Stream - The pipeline would carry up to 55 billion cubic meters of gas a year over 1,200 kilometers from Vyborg in Russia to Greifswald in Germany under the Baltic Sea. Nord Stream is majority owned by Gazprom which is building it with Germany's BASF, E.ON EONG.DE and Dutch Gasunie and has plans to build two parallel gas pipeline legs.
2. Yamal-Europe Pipeline - The pipeline which runs from the Yamal peninsula in Russia Arctic north to Frankfurt on Order on the Polish-German border carries Russian gas for over 4,000 kilometers. The expansion of the pipeline, which is expected to be completed by 2010, should boost capacity to 67 billion cubic meters of gas a year through two stretches.
3. Caspian gas pipeline - Russia, Turkmenistan and Kazakhstan have agreed plans for a new natural gas pipeline around the Caspian Sea with an intended annual capacity of 20 billion cubic meters which might be doubled to 40 billion cubic meters.
4. South stream pipeline - Gazprom and Italian oil firm Eni plan to build a new pipeline under the Black Sea to take Russian gas to Europe. French utility EDF is poised to join the project to build the pipeline able to carry up to 63 billion cubic meters of gas a year.
