Russia's OAO Gazprom (GAZP.RS) has agreed to double shipments of natural gas to Denmark through the Nord Stream pipeline, the Russian company said Thursday.
Beginning from 2012, Gazprom will deliver 2 billion cubic meters of natural gas a year to Denmark for 18 years. Under a previous contract, Gazprom would supply 1 billion cubic meters a year.
"We are very pleased that with this additional contract we are strengthening our long term cooperation with Gazprom," said Kurt Bligaard Pedersen, Executive Vice President at Dong Energy.
The Nord Stream pipeline, a Russo-German joint project, is envisioned to carry up to 55 billion cubic meters of Russian gas to German and other European consumers. Construction has yet to begin on the pipeline.