Gazprom signs memorandum on construction of South Stream segment in Austria

Gazprom (MOEX: GAZP) has signed a memorandum on construction of the Austrian segment of the South Stream gas pipeline, the Rossiya 24 television network reported from Gazprom's Moscow office.

It was reported that routing the pipeline to northern Italy through Slovenia - considered the basic version - ran the risk of triggering contract reviews due to changes in the acceptance and delivery points. That compelled Gazprom to return to the idea of laying the pipeline to the Baumgarten hub in Austria.

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