Activists in Berlin stage picket condemning Obama’s foreign policyWorld January 19, 21:17
Russian regulator promises to respond to any US restrictions of RT channelRussian Politics & Diplomacy January 19, 21:09
FIFA: Over 82,400 ticket requests applied globally for 2017 Confederations Cup in RussiaSport January 19, 20:17
Russia stands for developing legal tool to fight cyber hooliganismRussian Politics & Diplomacy January 19, 20:00
Russia is developing advanced hypersonic weapons — ministryMilitary & Defense January 19, 19:50
Former USSR leader receives Lithuanian court’s summons as witness in case over 1991 eventsWorld January 19, 19:29
FIDE chief says he plans to seek US entry after President-elect Trump’s inaugurationSport January 19, 18:56
Russian economy minister: Results of 2016 demonstrated adjustment to cheap oil, sanctionsBusiness & Economy January 19, 18:44
Russia ready to welcome Trump at economic forum in St. Petersburg — first deputy PMBusiness & Economy January 19, 18:29
MOSCOW, December 30 (Itar-Tass) —— Gazprom CEO Alexei Miller has ordered an adjustment of the South Stream schedule, a Gazprom representative told Itar-Tass on Friday.
The order aims to intensify the project, he said.
Earlier in the day Prime Minister Vladimir Putin called for accelerating the South Stream project. “It would be preferable to start works in the end of next year,” he told Miller.
“Survey of the sea segment will be done by the end of 2012, and construction works will last from early 2013 through December 2015. Commercial gas deliveries will start then,” Miller said.
“According to the combined feasibility study, investments in the sea segment will reach 10 billion euros. There will be four lines with the length of 925 kilometers, and the pipeline capacity will amount to 63 billion cubic meters. The land segment will cost 6.5 billion euros and stretch out for slightly more than 2,000 kilometers. The total funding will stand at slightly more than 15 billion euros,” he said.
The company will fund the project at 30% with its own funds, and borrowings will cover the remaining 70%. In all, Russian expenditures will near 7.5 billion euros, due to the Gazprom ownership of 50% in the joint venture.
The construction of a South Stream extension to Macedonia is under consideration, Miller said.
South Stream aims to diversify the routes of natural gas deliveries to Europe.