Business
MOSCOW. (RIA Novosti economic commentator...
both Streams were commercial projects and that their masterminds had never asked the European Union for money. As for Nabucco, another gas pipeline bypassing Russia and its gas fields, Barroso said the EU was considering providing financial support for that project.To diversify gas supplies
On February 6, Gazprom for the first time announced to investors that the total worth of South Stream was estimated at 19 to 24 billion euros, making it the most expensive project ever implemented by the Russian gas monopoly.
Of the amount cited, 4 billion euros will go into laying the underwater stretch, from Russia to Bulgaria across the Black Sea (900 km), to be built by 2015 jointly by Gazprom and Italian Eni.
Another 15 to 20 billion euros will be needed for the two surface links, from Bulgaria to Austria and from Bulgaria to the west coast of Greece.
Intergovernmental agreements on building the surface sections have already been signed with Bulgaria,
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