Middle East Economic Survey

VOL. LII

No 20

18-May-2009

CASPIAN

South Stream Gas Pipeline Plans Taking Shape, Eni Seeks Counterbalance To Gazprom

CEOs from Gazprom’s partners in the proposed 31 bcm/year South Stream gas pipeline project, with the exception of Hungary, gathered in the Russian Black Sea port city of Sochi on 15-16 May. A number of the partners were expected to sign basic cooperation agreements for the project, based upon intergovernmental memoranda of cooperation...