Russia is reportedly planning to build a gas pipeline to Germany. Gazprom announced on Thursday that it plans to build a pipeline with a capacity of 55 billion cubic meters per year from Russia to Germany via the Baltic Sea with E.ON, Shell, and OMV, according to Kommersant. The planned pipeline's route will be an extension to the Nord Stream, Gazprom's representative Sergey Kupriyanov told journalists, adding to the direct route that supplies Russian gas directly to Western Europe. Russia, which supplies Europe with about one-third of its gas, actively seeks new ways to bring gas to Europe by circumventing Ukraine. Meanwhile, the EU keeps insisting that it wants to cut its dependence on Russian gas. Russia and the EU aren't on the best terms right now. The conflict in Ukraine has led to a gas dispute between Kiev and Moscow, which threatens supplies to the EU. Gazprom CEO Alexei Miller said that the new pipeline would help "contribute to enhancement of safety and reliability of gas supplies" to European markets after the agreement was signed on the sidelines of Russia's showcase investment forum in Saint Petersburg. In 2014, "Gazprom" has exported 191.5 billion cubic meters of gas, 12% less than in 2013, according to Lenta.Ru. In other Russian gas news, the Turkish Stream's construction through the Black Sea is set to begin in June-July 2015, according to TASS. "It is expected that the Turkish-Greek border will create a gas hub and EU countries will build their own infrastructure for receiving fuel on its territory," according to Lenta.Ru. The project is designed to bypass Ukraine, which would allow Russia to both maintain its gas leverage over the EU and hurt Kiev. SEE ALSO: Europe went after a 'pipe dream' to counter Russia — and it might work Join the conversation about this story » NOW WATCH: This is the Excel trick that will change everything about how you work with data
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