Russia Gazprom Mulls Gas Power Generation In Germany

Russian gas export monopoly Gazprom is looking to participate in gas power generation projects in Germany after a decision on phasing out nuclear energy, export chief Alexander Medvedev said on Monday.

"To replace atomic power generation with gas, investment needs to begin now ... We don't intend on just being a gas supplier. We have accumulated a lot of experience in processing gas into power," he told reporters during a press conference.

Gazprom, which operates power unit Gazprom Energo, is in talks on joining gas-fired power plant projects with E.ON , Wintershall, RWE and independent producers, Medvedev added.