Russia’s South Stream pipe shores up hefty contracts

Russia's massive South Stream pipeline project for transporting gas to southern Europe took a step forward on the 29 January 2014 as three companies (Europipe, OMK and Severstal) secured €1 billion worth of contracts to supply part of its offshore section.

The project has been frequently put into doubt over legal conflicts with the European Union and its economic viability.

ESO: Background information: Russia: EU should adapt its legislation to the South Stream bilaterals http://www.europeansources.info/record/russia-eu-should-adapt-its-legislation-to-the-south-stream-bilaterals/

---