Yesterday Aleksei Miller, chairman of Board of Gasprom company, and Gerhard Roiss, General Director OMV company, signed the agreement of the shareholders of South Stream Austria joint company.
The document has been signed in Vienna during the visit of Russian President Vladimir Putin to Austria. The sides plan to obtain all required permissions for the South Stream gas pipeline construction till the end of 2015. The Austrian section of the gas pipeline is planned to be launched at the end of 2016.
Gasprom reported that the agreement envisages cooperation between the sides to build the Austrian section of the South Stream gas pipeline with the carrying capacity of 30-32 billion cub.m. a year from the Hungarian border to the destination in Baumgarten.
The final investment decision has been also made by the sides, which is based on the criteria of construction of the gas pipeline on the territory of Austria.
