Emelianenko-Mitrione bout postponed due to American’s illnessSport February 19, 4:06
OSCE unable to identify perpetrators of cyber attacks against it - secretary generalWorld February 19, 4:02
Russian biathletes win gold in relay at 2017 IBU World Championships in AustriaSport February 18, 18:30
Putin signs decree on recognition of documents given to Donbass peopleRussian Politics & Diplomacy February 18, 17:26
Sberbank CEO says no repeat of crisis in the short termBusiness & Economy February 18, 17:24
Judging by certain statements at Munich Conference, "cold war" is still not over — LavrovRussian Politics & Diplomacy February 18, 15:19
Bout’s lawyers will challenge Court of Appeals’ decision in Supreme Court on February 21Russian Politics & Diplomacy February 18, 7:16
Turkish Minister reproaches NATO for not fulfilling obligations on its south-eastern flankWorld February 18, 7:12
Moody's upgrades outlook on Russia’s sovereign rating to stable from negativeBusiness & Economy February 18, 2:37
MOSCOW, February 15 (Itar-Tass) — On Wednesday Alexei Miller, the chief of Russia’s gas giant Gazprom, said that a final investment decision on the South Stream gas pipeline construction project would be taken in November.
“We’ve entered the stage of the real construction of South Stream,” he said at a meeting on the project’s implementation. “I can say without exaggeration that Gazprom is engaged in the project round-the-clock. This is an abnormally cold winter that caused high demand for Russian gas in Europe. This is one more confirmation of the fact that South Stream should be built. Europe needs new corridors for Russian gas supplies without transit countries.”
The South Stream gas pipeline will run under the Black Sea from Russia to South and Central Europe. The intergovernmental agreements to implement the project’s onshore section were signed with Bulgaria, Serbia, Hungary, Greece, Slovenia, Croatia and Austria.
On September 16, 2011, South Stream Transport AG signed a shareholders’ agreement to implement the project’s offshore section.
Gazprom owns 50 percent of shares in the project, Italy’s ENI – 20 percent, Germany’s Wintershall and France’s EDF - 15 percent each.