Russia's Gazprom Plans to Invest $16.9 Billion in Gas Transportation System to South Stream Pipeline
Posted on January 31, 2013 at 01:20 AM EST
ISTANBUL--January 31, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Russia's state-owned natural gas monopoly OAO Gazprom (OTC:OGZPY) (Moscow) plans to invest $16.9 billion in the construction of the South Corridor gas transportation system , which will ship gas to the future South Stream pipeline. The pipeline project aims to bypass transit countries like Belarus and Ukraine to ship Russian gas under the Black Sea. Other companies featured: Eni SpA (NYSE:E)
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