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Nord Stream in Brussels to discuss security of energy supply with European Commission and Parliament

Feb. 7, 2007 | Brussels | Today Nord Stream AG held a series of high-level meetings with representatives of the European Commission and the European Parliament to discuss the planned natural gas pipeline through the Baltic Sea aimed at securing Europe’s energy supply. Gerhard Schröder, Chairman of Nord Stream’s Shareholders Committee and Matthias Warnig, Managing Director, met with the European Commissioner for Energy, Andris Piebalgs; the Vice-President of the European Commission and Commissioner for Enterprise and Industry, Günter Verheugen as well as with representatives of the European Parliament.

All agreed on the need for additional infrastructure as the basis of a secure energy supply. Gerhard Schröder presented Nord Stream as a viable ‘Project of European Interest’ which will play an important role in the recent proposals for the Priority Interconnection Plan. Nord Stream informed the EU representatives of the progress in the development of the project and the on-going international permitting process. Schröder said: “We are committed to ensuring Europe’s energy supply for many decades”. Complying with high international and national environmental standards in the project implementation is a key concern for us.” Matthias Warnig added: “Nord Stream is developing an active dialogue with all the countries around the Baltic Sea to find optimal ways to implement the project. Nord Stream will deliver a comprehensive environmental impact assessment in autumn 2007.”

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