Support The Moscow Times!

South Stream Heads to Italy

Gazprom picked Italy over Austria as the destination of its South Stream gas pipeline project, a source at the company said Wednesday.

Local Russian media reported that the European Commission had blocked Gazprom's acquisition of a 50 percent stake in the gas trading platform of the Central European Gas Hub in Austria — an outlet also coveted by the rival EU-backed Nabucco gas link.

"There will be no transit through Austria, only a spur will run to them," a Gazprom source said Wednesday. The source added that South Stream would terminate in Italy, rather than in Central Europe. A Gazprom spokesman declined to comment.


Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.