February 24, 2010 / 5:06 PM / 9 years ago

GDF Suez to sign Nord Stream MOU on Mar 2-source

PARIS, Feb 24 (Reuters) - France’s GDF Suez GSZ.PA will sign a deal with Russian gas monopoly Gazprom (GAZP.MM) on March 2 on taking a 9 percent stake in the Nord Stream gas pipeline, an industrial source said on Wednesday.

GDF Suez has been in talks for over a year to take a stake in the pipeline being built by Gazprom and German utility E.ON (EONGn.DE), which will carry 55 billion cubic metres (bcm) of gas annually from Russia to Germany via the Baltic Sea from 2012.

“GDF Suez will sign a MOU on March 2, which will be quite specific as it has agreed on all the conditions,” the source said.

The signing of the MOU will take place during an official visit of Russian President Dmitri Medvedev on March 2. (Reporting by Muriel Boselli, editing by Keiron Henderson)

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