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Gazprom, Eni Look at Measures to Speed Up South Stream

Source: www.gulfoilandgas.com 3/1/2012, Location: Asia

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The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Paolo Scaroni, Chief Executive Officer of Eni.

The parties discussed the current issues and prospects for the cooperation deepening in the energy sector.

Alexey Miller and Paolo Scaroni agreed to adjust the terms and conditions for Russian natural gas supplies to Italy.

The meeting participants looked at the progress with the detailed action plan stipulating the South Stream gas pipeline construction with the maximum throughput of 63 billion cubic meters. The parties confirmed their intent to make the final investment decision for the offshore section of the South Stream project this November and to start construction operations in December 2012.

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