Gazprom to work out South Stream route to Austria along with Italian route

Russian gas giant Gazprom (MOEX: GAZP) has for the first time announced officially that the South Stream gas pipeline could have an endpoint not only at the Slovenian-Italian border, but also in Austria, Gazprom CEO Alexei Miller said following talks with Austria.

Russian gas giant Gazprom has for the first time announced officially that the South Stream gas pipeline could have an endpoint not only at the Slovenian-Italian border, but also in Austria, Gazprom CEO Alexei Miller said following talks with Austria.

"With the goal of optimizing the South Stream project and considering Gazprom's current contract portfolio, we are in agreement with Austria's proposal to work out the possible construction of a pipeline section in Austria in the framework of the current inter-governmental agreement," he said, adding that this was in addition to work being carried out to build a gas pipeline in Slovenia.

Click to enlarge the infographics. Source: Natalya Mikhaylenko

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