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South Stream Schedule Stipulating Capacity of 63 bcm/y

Source: www.gulfoilandgas.com 2/28/2012, Location: Asia

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Alexey Miller, Chairman of the Gazprom Management Committee moderated a meeting dedicated to the South Stream project.

Taking part in the meeting were Leonid Chugunov, Head of the Project Management Department, Pavel Oderov, Head of the International Business Department and Marcel Kramer, Chief Executive Officer of the South Stream project.

Pursuant to the task by Russian President Dmitry Medvedev, the meeting participants discussed in details the South Stream project schedule stipulating the pipeline's maximum capacity of 63 billion cubic meters per year.

Special attention was paid to selection of contractors for the environmental impact assessment (EIA) and front-end engineering design (FEED).

Special attention was paid to the construction of onshore infrastructure for the gas pipeline to be launched in December 2012.

In addition, the meeting participants discussed the progress with the comprehensive Final Investment Decision to be adopted this November.

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