Middle East Economic Survey


No 42



Putin, Berlusconi Agree To Bring German Company into South Stream

The Prime Ministers of Russia and Italy, Vladimir Putin and Silvio Berlusconi, agreed on 9 October on the need to bring a German company into the $24bn South Stream project that could transport 63 bcm/year by 2015 (35% of Russian gas exports) to Europe. The Italian Premier said, during a joint press conference held in Moscow: As regards the participation of other...