Russian Energy Minister Alexander Novak and Greek Energy Minister Panagiotis Lafazanis have signed a memorandum in the framework of the St. Petersburg International Economic Forum on cooperation in the construction and use of a gas pipeline on the territory of Greece, an Interfax correspondent reported from the signing ceremony on June 19.
The document stipulates the creation of a joint venture - the operator, Yuzhnoevropeisky Gazoprovod (South European Gas Pipeline), which will be controlled by the parties on a 50-50 basis. Russia will provide aid in the financing of the project, Novak said during the signing.
All rights reserved by Rossiyskaya Gazeta.
to our newsletter!
Get the week's best stories straight to your inbox