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Greece set to sign South Stream gas pipe deal with Russia May 15


ATHENA, May 14 (RIA Novosti) - Greece expects to sign an agreement with Russia on Friday on a Greek company's participation in the South Stream gas pipeline project, the Greek Development Ministry said on Thursday.

The agreement on setting up a consortium to build the South Stream gas pipeline section across Greece will be signed in Sochi by Russian energy giant Gazprom and the Greek gas company DESFA.

The South Stream pipeline is designed to annually pump 31 billion cubic meters of Central Asian and Russian gas to the Balkans and on to other European countries, but its capacity could be increased by an additional 16 billion cu m. The project involves Russia, Bulgaria, Serbia, Hungary, Italy and Greece.

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