Russian Gazprom and Italian Eni have signed a supplement to the memorandum of understanding, which implies creation of a joint venture to undertake a feasibility study for South Stream project. The companies agreed to get a 50% stake each, though a third party may join the project later.
      
      South Stream gas pipeline laid on the bottom of the Black Sea will transport gas from Russia to Europe with the end point in Bulgaria. The total length of the pipeline will make up 900 kilometres. On the whole about $10 billion will be invested in South Stream.
      
      Gazprom and Eni also implement Blue Stream project together. The gas pipeline carries natural gas from Russia to Turkey.
      
      source:
      www.lenta.ru