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Final investment decision on South Stream in Hungary made

October 31, 2012, 18:56 UTC+3
A new shareholder agreement of the joint design company South Stream Hungary Zrt was concluded
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MOSCOW, October 31 (Itar-Tass) —— A final investment decision regarding the South Stream gas pipeline project in Hungary has been made. As Gazprom has said, the company’s Deputy CEO Alexander Medvedev, currently on a visit to Hungary, held a meeting with the CEO of the MVM company Csaba Baji. A new shareholder agreement of the joint design company South Stream Hungary Zrt was concluded.

Within the framework of the just-signed agreement a final positive investment decision was made to lay the Hungarian part of the South Stream gas pipeline 229 kilometers long.

Also, “the Hungarian side announced that South Stream was awarded the status of a project of national importance.”

 

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