Neftegaz: South Stream to be designed for maximum annual throughput of 63 billion cubic meters

Alexey Miller, Chairman of the Gazprom Management Committee reported today to Russian President Dmitry Medvedev on the progress with the South Stream project.

“It is a very timely project. Besides the evident growth in gas transit reliability, it will considerably enhance our capabilities to flexibly adapt to changes of demand for energy carriers in Europe. It is an important factor of Russian gas competitiveness in European markets,” said Alexey Miller.

So far, the Consolidated Feasibility Study of South Stream has been completed. The Consolidated Feasibility Study integrates the feasibility studies of the gas pipeline offshore section and of the respective national sections in Southern and Central Europe.  MORE