Gerhard Schroeder, the former German chancellor turned advocate for the Russian state-owned gas giant Gazprom, said on Thursday he would be paid 250,000 euros (US$303,000) a year as chairman of the committee of shareholders of a controversial project to pipe Russian gas directly to Germany.
The north European gas pipeline (NEGP) will link Gazprom's massive network and abundant reserves directly to Germany. Schroeder came in for intense criticism in Germany when he accepted a post on the Gazprom board just after leaving office.
His opponents suggested that his close ties with the Russian president, Vladimir Putin, had both helped usher the project into existence and secured him a leading role on its board.
His appointment was seen as a public relations coup for the monopoly, lending western respectability to an industry still struggling with its international image.
Schroeder let slip his salary in Moscow on Thursday at which he seemed rattled and lacking his usual smoothness before journalists.
The press conference was due to last an hour but was over in 20 minutes.
He parried further questions about the ethics of his new job by stressing the need for the pipe.
"The pipeline is not aimed against anyone. It allows us to ensure the reliable supply of gas to Europe," he said.
He denied there was anything inappropriate about his post.
The NEGP will deliver cheap gas to Germany, and possibly Britain, when it is extended. It will travel from the Russian port of Vyborg to Greifswald in Germany via the Baltic Sea, bypassing the Baltic states and Poland, which used to receive fees for the fuel's passage.
The NEGP is a joint venture between Gazprom, the German energy firm E.ON and BASF, the German conglomerate.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) on Wednesday said that a new chip manufacturing technology called “A16” is to enter production in the second half of 2026, setting up a showdown with longtime rival Intel over who can make the fastest chips. TSMC, the world’s biggest contract manufacturer of advanced computing chips and a key supplier to Nvidia and Apple, announced the news at a conference in Santa Clara, California, where TSMC executives said that makers of artificial intelligence (AI) chips will likely be the first adopters of the technology rather than a smartphone maker. Analysts said that the technologies announced on
NO RECIPROCITY: Taipei has called for cross-strait group travel to resume fully, but Beijing is only allowing people from its Fujian Province to travel to Matsu, the MAC said The Mainland Affairs Council (MAC) yesterday criticized an announcement by the Chinese Ministry of Culture and Tourism that it would lift a travel ban to Taiwan only for residents of China’s Fujian Province, saying that the policy does not meet the principles of reciprocity and openness. Chinese Deputy Minister of Culture and Tourism Rao Quan (饒權) yesterday morning told a delegation of Chinese Nationalist Party (KMT) lawmakers in a meeting in Beijing that the ministry would first allow Fujian residents to visit Lienchiang County (Matsu), adding that they would be able to travel to Taiwan proper directly once express ferry
CALL FOR DIALOGUE: The president-elect urged Beijing to engage with Taiwan’s ‘democratically elected and legitimate government’ to promote peace President-elect William Lai (賴清德) yesterday named the new heads of security and cross-strait affairs to take office after his inauguration on May 20, including National Security Council (NSC) Secretary-General Wellington Koo (顧立雄) to be the new defense minister and former Taichung mayor Lin Chia-lung (林佳龍) as minister of foreign affairs. While Koo is to head the Ministry of National Defense and presidential aide Lin is to take over as minister of foreign affairs, Tsai Ming-yen (蔡明彥) would be retained as the nation’s intelligence chief, continuing to serve as director-general of the National Security Bureau, Lai told a news conference in Taipei. Koo,
MANAGING DIFFERENCES: In a meeting days after the US president signed a massive foreign aid bill, Antony Blinken raised concerns with the Chinese president about Taiwan US Secretary of State Antony Blinken yesterday met with Chinese President Xi Jinping (習近平) and senior Chinese officials, stressing the importance of “responsibly managing” the differences between the US and China as the two sides butt heads over a number of contentious bilateral, regional and global issues, including Taiwan and the South China Sea. Talks between the two sides have increased over the past few months, even as differences have grown. Blinken said he raised concerns with Xi about Taiwan and the South China Sea, along with China’s support for Russia and its invasion of Ukraine, as well as other issues