The construction of the Greek section of the South Stream pipeline is estimated at 750 million euros, Greek Deputy Minister for Environment and Energy Ioannis Maniatis said on Monday.
"The main technical parameters of the project have already been defined, with its budget estimated at 750 million euros and the terms of [the completion of] construction set until 2015," Maniatis said.
The South Stream gas project is part of Russia's efforts to cut dependence on traditional transit nations while circumventing the need for the EU-backed Nabucco, which would bypass Russia. The project, which Russian gas giant Gazprom estimates at 15.5 billion euros, is scheduled to be completed by 2015.
Greece joined the project in 2008.
ATHENS, December 13 (RIA Novosti)
