Gazeta Wyborcza - Poland | Monday, October 27, 2008
Expensive Baltic pipeline
As a result of the financial crisis the German-Russian Nord Stream gas pipeline will be even more expensive than originally planned. The liberal daily Gazeta Wyborcza writes that this makes the gas pipeline under the Baltic even more questionable from an economic point of view. "During the three years in which the project has been in the offing the costs have doubled and now amount to 14 billion dollars. These are just rough estimates, because the complete calculations for the 'Nord Stream' have not been made public. The astronomic cost of building the pipeline along the sea floor will translate into higher gas bills for EU customers. There is still time to cancel our participation in the project. The construction of a gas pipeline from Russia to Europe would by cheaper and entail fewer risks for the environment if it were built on land rather than under the sea. For three years now several different Polish governments have been presenting such proposals."
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