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Wednesday, May 13, 2009

Gazprom/DESFA agreed on Greek part of South Stream

05-12-2009 - FOCUS News Agency - Athens. The Hellenic Gas Transmission System Operator /DESFA/ and the Russian Gazprom had signed an agreement on establishing a joint venture, which will build and manage the Greek part of South Stream pipeline, Naftemporiki informs. According to the information, the Greek Minister of Development Kostis Hatzidakis will meet with Russian Ambassador to Greece on Wednesday to discuss details on the signing of the agreement. It will be signed Friday in Moscow. Such agreements had been signed with Serbia and Ukraine - countries through which the north part of the pipeline will pass. The southern part of the pipeline will past through Greece and will reach Italy through underwater equipment. Its capacity is about 10 bln cu m per year. Significant part of the facility will pass through Bulgaria, from where it will ramify to Serbia and Greece. No agreement has been signed yet between GazprŠ¾m and Bulgaria due to dissensions on the network use. It is about to be signed after Russian and Bulgarian Prime Ministers Vladimir Putin and Sergey Stanishev had agreed on Moscow to built separate networks on the pipeline’s transit.

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