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12 May 2008 15:10 GMT | more prices >>

Greece signs up for South Stream



By Upstream staff 

Greece has formally signed up to Russian gas giant Gazprom's €10 billion ($15.58 billion) South Stream gas pipeline.

Once it is operational, the pipeline, which will be jointly built by Gazprom and Italy's Eni, will carry 31 billion cubic metres of Russian gas to southern Europe per year.

"The signing of the agreement to construct the Greek part of the South Stream pipeline has become the most important result (of the talks)," Russian President Vladimir Putin said after meeting Greek Prime Minister Costas Karamanlis.

The agreement was signed between Russian Energy Minister Viktor Khristenko and Greek Minister of Development Christos Folias.


29 April 2008 13:20 GMT  | last updated: 29 April 2008 13:20 GMT

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