Russia may build new fast fission nuclear reactor within 10 yearsScience & Space June 27, 9:25
Moscow theater to present Il Trovatore with audio description for visually impairedSociety & Culture June 27, 9:04
Lavrov, Tillerson discuss Syrian crisisRussian Politics & Diplomacy June 27, 8:50
Sistema reports arrest of its stakes in MTS, Medsi, BES as part of dispute with RosneftBusiness & Economy June 26, 20:58
Russian submarine successfully test-fires Bulava intercontinental missileMilitary & Defense June 26, 19:20
Rosneft and RBC reach friendly settlement on defamation lawsuitBusiness & Economy June 26, 18:50
Number of centers issuing FAN IDs to be increased ahead of FIFA Confederations Cup FinalSport June 26, 18:33
News about anti-doping probe against Russian football team players is fake — executiveSport June 26, 18:25
Putin refers to State Duma Council of Europe convention against financing terrorismRussian Politics & Diplomacy June 26, 18:15
SOCHI, September 16 (Itar-Tass) —— The South Stream integrated development project will be ready by the end of the first half of 2012, Gazpromexport CEO Alexander Medvedev told reporters in comment on the Friday signing of the South Stream shareholders agreement.
“A final investment decision based on the project, which will be ready by the end of the first half of 2012, will be next step,” he said.
Medvedev called unfounded and illogical the statement by European Energy Commissioner Gunther Oettinger, who had described South Stream and Nabucco as rivals. “South Stream and Nabucco are not rivals; they have different goals,” he said.
“We are diversifying the routes of the delivery of Russian gas under earlier contracts. We have the gas, the market, the contracts and the partners, while Nabucco’s goal is to diversify the sources of the supplies,” he said.
Russia does not take joy in the fact that the Nabucco project has not acquired gas resources, he said. “We take no joy in the hitherto unknown sources of Nabucco gas because Europe will have a gas deficit in the future,” he said.
Medvedev confirmed the estimated value of the South Stream sea segment at about $10 billion and said that the land segment would cost $5.5 billion. “The cost won’t grow much, it will be 15% more or less,” he said.