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Russia Starts South Stream Pipeline
Today, the Russian gas group Gazprom has officially begun the construction works of the pipeline project.

The Russian pipeline project will ship natural gas from the Russian Black Sea coast to Italy. In total, the pipeline has a length of 2,400 kilometers. In 2015, the project is expected to be finished. Construction costs total € 16bn. The capacity of South Stream totals 63 bn cubic meters per year, which corresponds to 35% of the European natural gas consumption.
In November, the…
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