 Gazprom ups pipeline costs, delays oil project
Russia's gas export monopoly Gazprom (GAZP.MM: Quote, Profile, Research) acknowledged on Monday it was facing delays and cost overruns at two key projects, a pipeline to Europe and an Arctic oil development.
The world's largest gas firm said in a memorandum for investors ahead of its Eurobond issue that its Nord Stream pipeline to Germany under the Baltic Sea would cost 7.4 billion euros ($11.7 billion), up from the previous estimate of 5 billion euros. | 
1st April 2008, 10:28
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