Positive outlook for access to Turkish territorial waters of the pipeline project Southern stream will provide shares of Gazprom growth of 2.58%

Written by admin on August 6th, 2009

Gazprom increases the expectations

Against the backdrop of oil prices as early as noon the MICEX index rose by 3.24%, reaching the level of section 1119.27 positive outlook on the prospects of the business editions of today's Russian-Turkish talks in Ankara on access to Turkish territorial waters of the project pipeline South Stream ( South Stream), provided the shares of Gazprom's increase of 2.58%. South Stream, reducing the dependence of suppliers and recipients of gas from the transit, will deliver up to 35% of the volume of Russian gas supplies to Europe - from Novorossiysk through the Bulgarian Varna two branches in Italy and Austria. It is expected that within a few hours of signing a protocol on cooperation in gas sphere, with the documents, in addition to the construction transchernomorskogo the pipeline Southern stream, cover, and the project Blue Stream-2. Partner of Gazprom in gas project will be of Italian oil company Eni. Foreign investors are closely watching the developments: if South Stream will be released at the start, the position of Gazprom strengthened, and a project to build a gas pipeline Nabucco (from Turkey to Europe, bypassing Russia) lost some appeal.

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