Gazprom and France's EDF agreed to jointly build and acquire existing gas-fired power plants in Europe, Gazprom said Friday.
"The agreement also states that Gazprom will be exclusive gas supplier for jointly owned power stations," Gazprom said about the cooperation with EDF, which is also its partner in the South Stream pipeline project.
Gazprom, which holds 27 percent of Europe's gas market, has long been trying to make a foray into European Union power generation. Gazprom had also been in talks with France's GDF Suez over the possibility of exploring energy projects.
(Reuters)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
