French en­ergy gi­ant signs Gazprom deal

Weekend Argus (Saturday Edition) - - LIFE -

RAM­BOUIL­LET, France: French en­ergy gi­ant EDF has signed a deal with Rus­sia’s Gazprom to join the con­sor­tium build­ing the South Stream gas pipe­line, Rus­sian Prime Min­is­ter Vladimir Putin said.

“An ac­cord has just been signed be­tween EDF and Gazprom,” Putin told a meet­ing out­side Paris yes­ter­day. A French source said EDF will take a 10 per­cent stake in the project, which is de­signed to pump gas from cen­tral Rus­sia into Italy and south­easter n Europe, by­pass­ing Ukraine.

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