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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.
Russia Starts South Stream Pipeline / Picture: © Vindobona.org
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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