Russia starts construction of the South Stream pipeline
►http://www.wsws.org/articles/2012/dec2012/pipe-d14.shtml
Russia starts construction of the South Stream pipeline
By Clara Weiss
14 December 2012
On December 7, the first two sections of the South Stream pipeline were laid in the southern Russian city of Anapa on the Black Sea. The pipeline will run along the bottom of the Black Sea and transport gas from southern Russia through Bulgaria, Serbia, Hungary and Slovenia to Italy, bypassing Ukraine on the way.
South Stream is to be completed by 2015 and will provide Central Europe with up to 63 billion cubic metres of gas per year. Along with the Russian state company Gazprom, which holds 50 percent of shares, other major participants in the project are the German company Wintershall, the French company EDF, and the Italian energy group Eni.