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Tuesday, June 10, 2008

Gazprom decides on South Stream gas pipeline route

RBC, 10.06.2008, Moscow – Gazprom has finally determined the route of the South Stream gas pipeline, the Russian energy holding's CEO Alexei Miller said during the 11th annual meeting of the European Business Congress in Deauville today. Miller reiterated that the holding had earlier signed agreements on the construction of the pipeline with Bulgaria, Hungary, Serbia, and Greece. He added that Gazprom agreed with its partners during the St. Petersburg International Economic Forum on June 7-8 that Slovenia and Austria would also join the project. Miller stressed that the South Stream project did not compete with the Nabucco pipeline project, thanks to the rising demand for gas in Europe.

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