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Ruhrgas to join Gazprom-BASF north European gas pipeline construction project


ST. PETERSBURG, June 26 (RIA Novosti) - German gas company Ruhrgas intends to join Gazprom and BASF in the project to build a north European gas pipeline, Russian President Vladimir Putin said today at a meeting with German businessmen.

Putin said there were plans to build two threads of the gas pipeline and make the pumping volume of the system reach 55 billion cubic meters of gas annually. He added gas would be delivered to Europe in 2010 using one of the threads in the volume of 27 billion cubic meters a year.

"Specialists in economics know what it means for the continent's energy sector," the Russian president said.

Putin said Russian and German businessmen were entering a new level of cooperation, which meant that the two economies would render more reciprocal influence on each other.

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