Southstream: Gazprom-OMV Cooperation

EnergyOil & Gas ♦ Published: February 22, 2011; 00:40 ♦ (Vindobona)

OMV and Russian Gazprom will work together on the construction of the Austrian part of the Southstream pipeline.

Southstream: Gazprom-OMV Cooperation / Picture: ©

An unusual alliance has been reached between the two energy groups for the construction of the Southstream pipeline. Southstream itself is a Russian-Italian project, considered as competing with the Nabucco pipeline. The entire Southstream pipeline is estimated to cost about € 15.5bn, and is expected to deliver Russian gas to Southern Europe by 2015. Capacity will be up to 63bn cubic…