Pakistani plane with about 40 on board crashes en route to Islamabad — mediaWorld December 07, 15:15
Putin calls to improve mechanisms of combating cyberattacks against banksBusiness & Economy December 07, 15:06
Deal on Russia’s Tartus naval base in Syria 'at final stage' — senatorMilitary & Defense December 07, 15:00
Putin orders to recommend medical workers killed in Syria for awards of distinctionRussian Politics & Diplomacy December 07, 14:48
Sukhoi-30SM fighter to join Baltic Fleet’s aviation in 2017Military & Defense December 07, 14:44
Stoltenberg says dialogue with Russia 'not sign of weakness'World December 07, 14:28
Stoltenberg confirms Ukraine will have 'unwavering support' from NATOWorld December 07, 13:53
Russia respects Italy referendum outcome — diplomatRussian Politics & Diplomacy December 07, 13:39
Media: Militants leave Aleppo’s ancient quarters via special corridorWorld December 07, 13:21
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.