The German company will join the South Stream project

The German company BASF enters the gas pipeline project South Stream will deliver Russian gas to Europe via the Black Sea Memorandum of Understanding was signed today in the presence of Russian Prime Minister Vladimir Putin, RIA Novosti reported. Document was signed by the chairman of Gazprom, Alexei Miller, chairman of BASF, Jurgen Hambrecht. Gas division BASF - a company Wintershall - already a member of another project, Gazprom - the Nord Stream "with a share of 15,5%. This pipe is laid to supply Russian gas to Europe across the Baltic Sea. German investment in BASF's pipeline project South Stream are tentatively estimated at about 2 billion euros, told the Deputy Prime Minister Igor Sechin. "There will be a feasibility study, it will identify contributions. Given the fact that we are talking about 15% of the underwater part of the South Stream project, estimated very, very first to say that we are talking about approximately 2 billion euros, "-" Sechin said. Earlier, Viktor Yanukovych said that Russia considers unpromising build the South Stream pipeline, which includes Russian gas transit to Europe bypassing Ukraine, in case the agreement of Russia and the European Union to upgrade GTS