Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping




Home >> Business
UPDATED: 13:50, June 24, 2007
Italian, Russian companies to study feasibility of building gas pipe from Russia to EU
font size    

Italy's biggest oil and gas company Eni SpA and Russia's state gas giant OAO Gazprom on Saturday announced they have agreed to study the feasibility of building a pipeline under the Black Sea to transport Russian gas to the European Union countries.

The two sides signed a memorandum of understanding on the project, Eni chief Paolo Scaroni and a top Gazprom executive, Alexander Medvedev, told a press conference here.

The capacity of the pipeline, to be determined by the feasibility study, could reach 30 billion cubic meters, said Medvedev.

The feasibility study has already started and would take months, said Scaroni, expecting it would take three years to build the pipeline when all authorization is obtained, which means that construction would not begin until 2008 or 2009.

The pipeline, to be named as South Stream, "aims to strengthen energy security in Europe," said Italian Minister of Economic Development Pierluigi Bersani, who also attended the signing ceremony.

The project is also aimed at "diversifying Russian gas supply routes toward European countries and at significantly contributing to Europe's energy security," Medvedev was quoted as saying by an Eni statement.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this



"Olympic Games in My Heart" English Contest

   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
Manufacturers, Exporters, Wholesalers - Global trade starts here.

Dic

Versions:
Copyright by People's Daily Online, all rights reserved