Middle East Economic Survey

VOL. LIV

No 39

26-Sep-2011

CASPIAN

South Stream Shareholders Structure Finalized

On 16 September the senior executives from some of Europes largest gas companies signed an agreement that will pave the way for the implementation of the proposed 63 bcm/year South Stream gas pipeline project. The final agreement on the 900km offshore component of the project that will cross the Black Sea, which took almost two years to negotiate, characterizes the major...