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“An immoral offer," announces an indignant Handelsblattin its report on Russian gas giant Gazprom’s attempt to enlist RWE in the South Stream pipeline project. RWE is already involved in the rival Nabucco pipeline project, which aims to transport gas from the Caspian Sea to southern Europe. Official sources at RWE have also described the offer as "indecent," although the company still plans to evaluate it. Handelsblatt is concerned that Nabucco will not survive without the full support of RWE which may now be doubt. The business daily notes that Gazprom lobbyist and former German chancellor Gerhard Schröder is a good friend of RWE chairman Jürgen Großmann.
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