Gazprom, Austria Sign Papersl on South Stream Project

Russia is planning to sign an intergovernmental agreement with Austria on its joining the South Stream gas pipeline construction project, Chairman of the Executive Board of Gazprom Alexander Medvedev told journalists during an international economic forum in St. Petersburg. He pointed out that the management of the Russian energy holding held talks with Austria's authorities, adding that the parties agreed to sign the document in the nearest future. According to the document, the oil and gas company OMV will be appointed as the project's coordinator on behalf of Austria.