Middle East Economic Survey

VOL. LIV

No 22

30-May-2011

CASPIAN

South Stream Receives Qualified Support From EC

The South Stream gas pipeline consortium presented the $21.5bn project to European Commission authorities in Brussels on 25 May as an alternative to other Southern Gas Corridor pipeline projects, namely Nabucco, Interconnector Turkey-Greece-Italy (ITGI) and Trans-Adriatic. Marcel Kramer, South Stream CEO, said that South Stream will not increase Gazproms share on the European...