Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Russia talks finance on pipelines

|
|
 
  
Published: Sept. 19, 2008 at 1:01 PM
Advertisement

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.

Topics: Gerhard Schroeder, Michael Wood, Nord Stream
© 2008 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
Protesters, police clash at NATO summit Notable deaths of 2012 2012 Billboard Music Awards
The 137th Preakness Stakes Annual Solar eclipse occurs in U.S. Chen Guangcheng arrives in the U.S.
Additional Energy Resources Stories
1 of 29
Members of the Army's Old Guard place flags at Arlington National Ceremtery
View Caption
U.S. flags are seen in the rucksack of a soldier with the Army's 3d U.S. Infantry Regiment, The Old Guard, as he places flags at gravesites in Arlington National Cemetery as part of the Flags-In Memorial Day ceremony on May 24, 2012 in Arlington, Virginia. American flags were placed at each of the more than 220,000 grave markers in honor of those who served and Memorial Day. UPI/Kevin Dietshc
fark
Today's Fark-ready headline: "Man goes to hospital with a kidney stone... and discovers he's a woman"...
Milestone in construction of USS Gerald R. Ford, America's newest nuclear powered aircraft carrier;...
Leave it to Marion Barry to say something racist while apologizing for saying something racist
Disneyland Japan to let cute Japanese lesbians have their wedding at the theme park. This is a great...
Man working in his garden harvests tomatoes, squash, 13 tombstones stolen from historic military...
Chile builds the world's biggest pool. Bring your swim suit and sailboat