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.

(Reuters)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.