Miller: South Stream in 2015, will provide 35% of gas supplies to Europe

pipeline Southern stream in 2015, will provide 35% of the total volume of Russian gas supplies to Europe. It was reported today at a meeting of shareholders of OAO Gazprom Alexey Miller, head of government.

with project participants agreed proektornoy increase pipeline capacity to 63 bcm per year, thus in 2015 the export of Southern stream will be about 35% of the total volume of Russian gas supplies to Europe, - said A. Miller.

He recalled that during the preparation of the project South Stream in 2008, Gazprom and the Italian company ENI on a parity basis the company created a South Stream AG to develop a feasibility study of the marine project. In addition, for the implementation of the land part of the project signed intergovernmental agreements with Bulgaria, Hungary and Greece.
A. Miller said that with Slovenia and Austria are agreed similar intergovernmental agreements.

Help. project Southern stream is created to diversify the supply of Russian natural gas to Europe and to reduce the dependency of suppliers and buyers from the countries of transit, particularly from Ukraine and Turkey. Its implementation will gosmonopolist Russia's Gazprom and Italian company Eni. The project includes laying of submarine gas pipeline length of 900 km from the Russian station Coast in the Krasnodar region to the Bulgarian coast.

Then one of the two branches of the ground run the pipeline through the territory of Bulgaria and Greece and through the Adriatic Sea - in Italy. The route of the second branch has not yet been determined. Gazprom estimates the construction of the pipeline Southern stream of 19-24 billion euros.

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