Russia, Greece Sign South Stream Deal
by Xinhua News Agency
April 29, 2008
Russia and Greece signed on Tuesday
an intergovernmental agreement on cooperation in the construction and operation
of the Greek section of the South Stream gas pipeline, the Kremlin press service
The deal was signed by the Russian industry and energy minister and the Greek
development minister after talks between Russian President Vladimir Putin and
Greek Prime Minister Kostas Karamanlis.
"The fulfillment of the large projects with due account of interests of energy
producers, transit countries and clients will ensure a high degree of energy
security on the European continent," the Kremlin said.
The Greek section of the South Stream gas pipeline will have an estimated
capacity of 10 billion cubic meters of natural gas a year, RIA Novosti quoted
the Russian industry and energy minister as saying.
The South Stream is a joint project of Russian gas monopoly Gazprom and Italian
energy giant Eni, which implies the deliveries of Russian and, possibly, Central
Asian gas to Europe across the Black Sea.
Copyright 2008 XINHUA NEWS AGENCY.