Middle East Economic Survey
VOL. LIII
No 18
03-May-2010
CASPIAN
Russia Builds Momentum For South Stream Gas Pipeline
Momentum is building for Russias proposed South Stream gas pipeline as a result of Austria joining the project as a transit country and Electricité de France (EDF) winning approval to buy shares in the project, now estimated to cost 20-25bn. Meeting in Milan, Italy, on 26 April, Russian Prime Minister Vladimir Putin and Italian Prime Minister Silvio Berlusconi agreed on the proposed...
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