Middle East Economic Survey

VOL. LII

No 11

16-Mar-2009

CASPIAN

Russia And Hungary Agree On Joint Gas Storage For South Stream Pipeline

Russias Prime Minister Vladimir Putin and his Hungarian counterpart Ferenc Gyurcsany agreed on 10 March on cooperation in the South Stream gas pipeline project by Russias Gazprom and Hungarys Development Bank. The agreement calls for the construction by 2012-13 of a 1bn cu ms gas storage facility, for which the investment decision is expected to be taken in...