Germany’s energy group E.On might join the South Stream pipeline project, designed to carry gas to Europe under the Black Sea, Gazprom CEO Alexei Miller said on Wednesday.
“…such a big project can not stay unnoticed by such a big company. It is possible that one more participant might join the project,” Miller said.
The $21.5 billion pipeline, which will transport up to 63 billion cubic meters of gas to Europe, is being developed by Italy’s Eni and Russian gas giant Gazprom, which produces and transports the blue fuel. French EdF and Germany’s Wintershall will also participate in the project, with 10 and 15 percent of shares, respectively.
Russia plans to launch the pipeline, which will transport up to 63 billion cubic meters of gas to Europe, in 2015 to diversify its gas supplies. The underwater portion of the pipeline will go through Turkey’s territorial waters.
BRUSSEL, May 25 (RIA Novosti)