
MOSCOW, Sept. 19 (UPI) -- Top officials with Russian energy giant Gazprom and the Hungarian state bank discussed the construction of the South Stream natural gas pipeline.
Vlada Rusakova with Gazprom met with Janos Eros, chief executive of the Hungarian Development Bank, to examine a feasibility study concerning the route South Stream will take through the country, Hungary's English-language business weekly BBJ reported.
Moscow and Budapest in February signed preliminary agreements on the project to bring Russian natural gas to Italy through Eastern Europe.
Meanwhile, Russian Prime Minister Vladimir Putin and Gazprom chief Alexei Miller met with former German chancellor and chairman of the Nord Stream pipeline consortium, Gerhard Schroeder, to discuss investment considerations for the pipeline through the Baltic Sea.
U.S. Ambassador to Sweden Michael Wood criticized the project recently, but Schroeder defended the pipeline as $145 million already has been invested in environmental studies for the project.
Several nations expressed concern over the environmental impact of Nord Stream.
Nord Stream will carry Russian natural gas to Germany through the Baltic Sea. Last week German Chancellor Angela Merkel expressed her support for the project.
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