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GDF Suez In Pipeline Talks

GDF Suez has begun talks with Russian natural gas giant OAO Gazprom that could lead to the French utility taking a stake in a proposed gas pipeline under the Baltic sea, GDF Suez's chief executive said yesterday.

"Yes, we've begun talks with Gazprom," Gerard Mestrallet told reporters at a company seminar. "We agreed on the interest of GDF Suez's taking a stake in Nordstream."

Nordstream is a planned Baltic Sea pipeline designed to bypass several European countries and ship Russian gas to Germany.


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