E.ON Ruhrgas and Fluxys Join Dutch Gasunie in BBL Company

    GRONINGEN, The Netherlands, July 12 (ots/PRNewswire) - E.ON Ruhrgas (Germany) and Fluxys (Belgium) have decided to join the BBL Company which is about to be created. The company will build, own and operate a 235 kilometre pipeline that will link Balgzand on the Dutch North Sea coast north of Amsterdam with the UK shore at Bacton (Norfolk). The BBL requires an investment of around 500 million euros and will be completed in 2006.

      The three companies establish the BBL Company through legally
separate subsidiaries. Gasunie's subsidiary company will hold a 60
per cent stake, whereas the subsidiaries of E.ON Ruhrgas and Fluxys
will each hold 20 per cent.

      Construction will start in the second half of this year. The
pipeline will have a diameter of 36 inches and will require the
building of a compressor station at its Dutch entry point, a short
section of onshore pipeline and the crossing of a coastal area in the
Netherlands , 230 kilometres of offshore pipeline across the North
Sea, and landfall and receiving facilities in Bacton, a gathering
point for several offshore pipelines.

      In addition, Gasunie is committed to ensure adequate access of
gas supplies to the Dutch point of the BBL.

ots Originaltext: Gasunie
Im Internet recherchierbar:

For more information: Gasunie: Ben Warner, +31-(0)6-53-38-99-43; E.ON
Ruhrgas: Astrid Zimmermann +49-(201)-184-3219; Fluxys: Griet Heyvaert

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