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Russia and Italy will connect the South Stream

November 23 2007

Russian gas giant Gazprom and Italy's ENI will jointly build a gas pipeline, South Stream. By the project can join and representatives of third countries.

According to the signed agreement in Moscow, a project pipeline under the Black Sea is estimated at $ 10 million. It is assumed that in the future on a new transmission system to the south of Europe will come to 30 billion cubic meters of gas annually.

The agreement to establish a joint company was signed in the Kremlin today, in the presence of Vladimir Putin and Italian Prime Minister Romano Prodi, radio station Mayak.

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