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Global financial market seeks to make investments in South Stream

September 27, 2013, 15:22 UTC+3
The total price of the project would be estimated at EUR17 billion
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MILAN, Italy, September 27 (Itar-Tass) - The world financial market seeks to make investments in the South Stream project, said Oleg Aksyutin, head of South Stream Transport BV.

“The work continues. Today we’ve given a positive signal that our project is attractive,” Aksyutin said.

“The project is backed by the shareholders [30 percent] and it is enough to promote the project. The market itself will provide 70 percent of funding and we’ll wait for concrete proposals,” he said.

He said the total price of the project would be estimated at EUR17 billion.

In Milan the Gazprom head of South Stream Transport BV took part in a conference devoted to the South Stream gas project. The conference was organised by Natural Gas Europe and devoted to the advantages and economic prospects of the South Stream project.

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