EU Allocates €910 Million to Boost Defence Manufacturing and Innovation
The European Commission has announced a €910 million investment under the European Defence Fund (EDF) to enhance defence manufacturing capabilities across the European Union
Montenegro will be connected to the South Stream gas pipeline, Russian energy giant Gazprom said on Friday.
"The parties have discussed technical opportunities to join Montenegro to the South Stream project, after the country showed it was interested at the end of last year. We have decided to work out a feasibility study to build a gas pipeline bend to Montenegro," Gazprom said in a statement, as cited by RIA Novosti.
Montenegro expressed interest in the project in October 2011 without giving details about its participation.
The South Stream pipeline is to carry up to 63 billion cubic meters of gas to central and southern Europe.
The project aims to diversify supply routes for Russian gas by circumventing transit countries such as Ukraine.
Shareholders in the project are Gazprom (50%), Eni (Italy, 20%), Wintershall (Germany, 15%) and EdF (France, 15%).
Russia has signed agreements for the construction of the gas conduit with Bulgaria, Hungary, Greece, Slovenia, Croatia and Austria.
Construction works have been scheduled to start in December 2012, and not 2013 as previously planned.
The South Stream gas pipeline is to be launched in December 2015 and is expected to reach full capacity in 2018.
The total cost of the project is currently estimated at around EUR 15.5 B.
A devastating air tragedy unfolded in India on Thursday, as an Air India flight en route to London crashed shortly after takeoff from Ahmedabad
On June 12, Ukraine’s General Staff announced a significant milestone in the war with Russia - over one million Russian troops have been killed or wounded since the start of the full-scale invasion
Latvian MEP Ivars Ijabs from the "Renew Europe" group believes that Bulgaria’s plans to adopt the euro are a positive move, both for its citizens and its economy
An Air India aircraft en route to London crashed shortly after taking off from Sardar Vallabhbhai Patel International Airport in Ahmedabad on Thursday morning
Ukrainian President Volodymyr Zelensky has warned that Russia intends to seize Odesa as part of a broader strategy aimed at reaching the borders of Moldova and Romania
U.S. Secretary of State Marco Rubio extended congratulations to the Russian people on the occasion of Russia Day, marked annually on June 12
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