Support The Moscow Times!

South Stream Nears $20Bln

Gazprom said the South Stream pipeline across the Black Sea to Europe may cost about 15.5 billion euros ($20 billion).

The offshore part of the link may cost 10 billion euros at current prices, while the onshore section in Europe may cost 5.5 billion euros, the company said in an excerpt from its corporate magazine, published today on its web site.

Gazprom and Eni SpA plan to build a 900-kilometer pipeline across the Black Sea and extend it to southern and central Europe to deliver Russian gas, bypassing transit states such as Ukraine. 


… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.


Read more