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Gazprom has announced plans that it claims will ‘ensure the future securit ...

Gazprom has announced plans that it claims will ‘ensure the future security of gas supply in the UK’ by providing 10% of the market requirement by 2010. The announcement came as the Russian company expanded its activities in the UK under the name Gazprom Marketing & Trading. The newly named company - formerly known as Gazprom UK Trading - already has an existing 10% stake in the Interconnector pipeline that runs from Zeebrugge in Belgium to Bacton in the UK. The company is planning further investment in pipeline and storage facilities that are in addition to the existing storage centre in Germany, which is claimed to be the largest in Europe. Gazprom Marketing & Trading has also purchased a new London headquarters for the planned expansion of its workforce.
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