Middle East Economic Survey


No 22



South Stream Capacity Expansion Agreed By Gazprom And Eni

Russias Gazprom and Italys Eni have signed an agreement calling for expansion of the proposed South Stream gas pipelines capacity from 31 bcm/year to 62 bcm/y, a move that is viewed as a response to the European Unions meeting to discuss its Southern Gas Corridor strategy in early May (MEES, 18 May). The agreement marks the first time that Eni has publicly committed to expanding...