EdF may let Gazprom enter the French market

EdF, a European energy and electricity supplying company, is ready to let the Russian gas monopolist in the French market in exchange for a share in the South Stream gas pipeline project. The Russian company is expected to get supplied with electric power as a payment for gas; besides it may obtain a stake in some French NPPs. The South Stream project is aimed at strengthening the European energy security. The project provides for South Stream’s offshore section to run under the Black Sea from the Russian coast (Beregovaya compressor station) to the Bulgarian coast. The total length of the offshore section will be around 900 km, maximum depth – over two km and full capacity – 63 bcm.