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ANAPA, December 7 (Itar-Tass) —— Russia’s President Vladimir Putin participated in the official opening of the South Stream gas pipeline’s construction.
Besides the president, the ceremony featured Kurt Bock of BASF, Nord Stream’s Managing Executive Director Matthias Warnig, Italian Eni’s Director General Paolo Scaroni, South Stream Transport’s Chief Executive Director Marcel Kramer, EDF’s Director General Henri Proglio, Executive Director of the International Energy Agency Maria von der Hoven. Besides, the ceremony featured ministers of countries involved in the gas pipeline’s project.
South Stream gas pipeline is a major infrastructure project, which objective is to improve energy security in Europe by diversification of gas transportation routes.
The new gas pipeline meets modern ecology and technology requirements. South Stream will be supplying to European clients 63 billion cubic metres of gas a year.
The pipeline unites partners in Russia and Europe, who will be participating in the sea and ground parts of the passages.
South Stream begins from Russia’s Anapa on the Black Sea shore, crosses the sea and comes to Bulgaria. Further transportation will be made via territories of Bulgaria, Serbia, Hungary and Slovenia to northern Italy. From the territory of Serbia, there will be gas transporting lines to Croatia and to the Republic of Srpska.
The pipeline will be over 2,300 kilometres long, and first commercial supplies are due in December of 2015.