RIA Novosti: Nord Stream and the future of Russian energy policy
Russian President Dmitry Medvedev and German Chancellor Angela Merkel attended the November 8 opening ceremony for Nord Stream on November November 8. This is the largest Russia-EU energy project of this century, in part because it is unclear if further projects will be implemented, but also because it was designed as the model for their strategic partnership in the mid-2000s. The agreement to build the gas pipeline was signed by Vladimir Putin and Gerhard Schroeder in the fall of 2005. Barely a week later, Schroeder was voted out of office and a month later he was appointed the chief executive of Nord Stream AG, the operator of the project. It was fitting to have a politician at the project’s helm, as Nord Stream was expected to achieve several political goals.
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