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South Stream is estimated to cost EUR 15.5 billion
It is currently forecast that the upward gas demand trend will continue in the long run. In particular, after 2020 the 'blue fuel' consumption in Europe is expected to surpass 600 billion cubic meters, while indigenous production will decline by half. Accordingly, South Stream will provide one of the few real opportunities to tackle the challenges related to overcoming the lack of energy carriers and maintaining the energy security in Europe.

date.png06 Dec 2010 11:37 | comments.png 0 Comments | tags.png gas gazprom pipeline russia south-stream [ More ]
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