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South Stream gas pipeline

Russian agreements with South Stream project participants to be finalized by 2016

The total rated capacity of South Stream during the first year of operation will be equal to some 16 billion cubic meters of gas

© EPA/ITAR-TASS

BRUSSELS, January 22. /ITAR-TASS/. Russia’s intergovernmental agreements with countries participating in the South Stream gas pipeline project will be finalized with the European Commission’s mediation by 2016, Russian Ambassador to the EU Vladimir Chizhov told Russian reporters on Wednesday in the run-up to the 32nd Russia-EU summit that will be held in Brussels on January 28. An intergovernmental working group headed by RF Deputy Energy Minister Anatoly Yanovsky and head of the European Commission’s Directorate General for Energy Dominique Ristori has already been created to this end.

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