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Russia brings forward South Stream gas pipeline

01-21-2012 09:15 BJT

MOSCOW, Jan. 20 (Xinhua) -- The Russian government had approved an early start to construction of the South Stream gas pipeline, Russian gas monopoly Gazprom said Friday.

Gazprom head Alexei Miller said Prime Minister Vladimir Putin had ordered the construction start date brought forward from 2013 to December this year.

"Gazprom has got everything to outstrip the previously announced schedule of the South Stream construction. We have international legal ground, huge interest among the participants in Europe, financial resources and unique experience in the sea gas transportation project," Miller said as quoted by the Gazprom website.

The South Stream pipeline is designed to carry 63 billion cubic meters of Russian natural gas annually to Europe via the Black Sea.

Gazprom has 50 percent of the project, with the rest shared between Italian, German and French interests. Russia plans to start pumping gas in 2015.

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Editor:Zhang Hao |Source: Xinhua

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