Reuters reported that France GDF Suez will sign a deal with Russian gas monopoly Gazprom on March 2nd on taking a 9 percent stake in the Nord Stream gas pipeline.

GDF Suez has been in talks for over a year to take a stake in the pipeline being built by Gazprom and German utility E.ON which will carry 55 billion cubic meters of gas annually from Russia to Germany via the Baltic Sea from 2012.

The source said "GDF Suez will sign a MOU on March 2nd which will be quite specific as it has agreed on all the conditions."

The signing of the MOU will take place during an official visit of Russian President Mr Dmitri Medvedev on March 2nd.

(Sourced from Reuters)