An expansion to a Russian gas pipeline running offshore to Germany makes sense given production declines in Europe, Russia’s president said. Russian natural gas company Gazprom is one of the dominant suppliers of natural gas for the European economy. The company aims to increase its footprint with the expansion to its twin Nord Stream natural gas pipeline system that runs through the Baltic Sea to Germany and then onto the European market. Gazprom started calling for tenders to lay the sections of the planned pipeline in the deep waters of the Baltic Sea in early 2016 and maintains the additional components could be in service at some point in 2019. Russian President Vladimir Putin said during a meeting with officials with Germany energy company BASF, […]