South Stream Pipeline: Construction Works to Begin in December

BusinessCommodities ♦ Published: November 12, 2012; 19:04 ♦ (Vindobona)

The pipeline projects of Russia´s gas group Gazprom makes substantial progress. Europe´s dependence on Russia is growing further.

South Stream Pipeline: Construction Works to Begin in December / Picture: © Vindobona.org

According to the German news magazine “Spiegel”, Gazprom will start the construction works of the pipeline in December. Last week, the project contracts with Serbia and Hungary were finalized. As a result, the pipeline project has no obstacles anymore. By contrast, the pipeline projects of the EU are still far from being fixed. The TAP project would ship natural gas from Turkey…