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04.10.2011 11:56South Steam to Go Operational in Time
Gazprom implements the project to build South Stream gas pipeline via the Black Sea to countries of Southern and Central Europe jointly with Italy’s ENI, Germany’s Winterhall and Electricite de France
© South Stream
All work on the South Stream continues according to the schedule, and the project will go operational in time, Gazprom’s CEO Alexei Miller said on Monday, as quoted by ITAR-TASS.
“South Stream has achieved great progress in the tasks like preparation of the united feasibility study, and in involvement of new partners in implementation of the sea part of the gas pipeline,” the company’s press service quotes Miller as saying. “The entire process is strictly in the framework of the schedule, and we may say with confidence that South Stream will go operational in time.”
“The company’s profile divisions are ordered to continue implementation of the South Stream project in the framework of the united feasibility study and to prepare the necessary project documentation,” official reports of Gazprom’s Information Department reads.
Earlier, Miller said at the meeting with Russia’s Prime Minister Vladimir Putin that “the project is economically effective and may be implemented from technical point of view.”
“We follow the schedule and are ready to confirm that by December 2015 the project will be finalized and the first commercial gas will be supplied to consumers via South Stream,” he told Putin.
Gazprom implements the project to build South Stream gas pipeline via the Black Sea to countries of Southern and Central Europe jointly with Italy’s ENI, Germany’s Winterhall and Electricite de France. Under the project, Gazprom controls 50 percent, ENI – 20 percent, Winterhall and EDF – 15 percent each. Gazprom signed intergovernmental agreements on implementation of the onshore part of the project with Bulgaria, Serbia, Hungary, Greece, Slovenia, Croatia, and Austria.
The united feasibility study of South Stream is ready. It includes feasibility study of the offshore part and that of national parts of the pipeline, which cross territories of countries in Southern and Central Europe.
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