long planned south stream gas pipeline a step closer to reality the pipeline would run into the black sea and be another means of pumping russian gas to directly into europe just like the nord stream network which was opened earlier this month to be the latest on this story from sochi. the fact that gazprom has signed the shareholder agreement with its european partners companies from france italy and germany means that russia is indeed one step closer to realizing the transportation of gas from russia underneath the black sea to bulgaria and then eventually to austria and italy so directly to european consumers and this one step gives it an extreme advantage over a rival project in the bucco pipeline which is outlined to deliver gas from central asia to europe and this has spurred concerns from europe for european and of dorothy's about the security of energy in europe and we have heard a comment from. the european energy commissioner saying that this makes europe more reliant on russian gas and therefore this is jeopardizing energy security in europe on the other hand actually the fact

the college the president has said that suggested having the south stream go not underneath the black sea but through ukraine's territory making it cheap but gazprom and said there's no point in doing that because the whole goal of the pipeline is to bypass transit countries our business correspondent. much more about the other big story business bulletin in about five minutes time as well. next so imagine a community where you want for nothing life is easy and work is plenty well one such place did once exist in a remote russian outpost. but not anymore it's not even a place of big within russia's borders anymore it's actually on a norwegian archipelago called spitsbergen he wants a body the soviet dream a sister were ever words needs were provided for in a series of special reports for you obs on a boy visited what was the green problem is of the example of a bright future. it's one of the disease seagull colonies in the arctic. restlessness the northern sun the birds scour the island in search of food for their young noisy and disorderly like all big families the sequels are the last r

the college the president has said that suggested having the south stream go not underneath the black sea what drew you cranes territory making it cheat but gazprom i said there's no point in doing that because the whole goal of the pipeline is to bypass transit countries. and you could find more about that story in our business bulletin it's coming up in about five minutes tonight here on r.t. . next imagine a community where you want for nothing life is easy and work is a plenty well one such place did exist at least in a remote russian post. although not anymore it's not even a place of russia's borders it's actually is really serve up here norwegian archipelago called spitsbergen it was embodied the soviet dream a system where everyone's needs were provided for soon as a special report for our to examine boy who visited what was meant to be communism as example of a bright future. it's one of the daisies seagull colonies in the arctic. restless as the northern sun the birds scoured the island in search of food for their young noisy and disorderly like all big families the sequels of t

cause of the iranian president has said suggested having the south stream go not underneath the black sea but through ukraine's territory making it cheap by gazprom a said there's no point in doing that because the whole goal of the pipeline is to bypass transit countries now the degree of europe's opposition to the south stream pipeline has left analysts scratching their heads given that the navajo project is significantly more risky but energy analyst julia lead believes that diversification is the theme of the day. nobody in europe is suggesting that russia will not be a major and probably three major supplier of gas to europe now and in the future but that's not in dispute. what europe is trying to do is to add. variety to its sources of gas supply he doesn't want to become overly dependent on russian gas in exactly the same way that he doesn't want to become overly dependent on north african gas or indeed on north sea gas what he's seeking to do is to find a balance between a variety of suppliers delivering gas through a variety of routes and nobody is disputing that among that varie

russia isn't the one step closer to realizing the transportation of gas from russia underneath the black sea to bulgaria and then eventually two or three of its lead so directly to european consumers and this one step gives it an extreme advantage over rival of project in the bucco pipeline which is outlined to deliver gas from central asia to europe and this has. heard concerns from europe from the european of dorothy's about the security of energy in europe and we have heard a comment from. european energy commissioner saying that this makes europe more reliant on russian gas and therefore this is jeopardizing energy security in europe on the other hand actually the fact that russia will be delivering gas starting from zero twenty fifteen directly to european consumers means that actually energy security will be notified as energy deliveries will be secured and russia won't have to deal with transit countries like ukraine which have created problems with deliveries to europe in the past also we have heard an offer of from kiev victory in the college the president has said suggested having

take a fifty percent stake in russia's salt stream project the natural gas link will go on to the black sea and then on to italy and austria it's aimed at meeting europe's growing energy demand he believes any will get a twenty percent stake while germany's winters hall and the french from e.d.s. will each get fifteen percent which would be genco court up with the deputy head of gas problem and ask him how significant the deal is. to become finalized the company has if you need to study you know the saws that in project the below was not whole when the balls are going but it took him inside place though and the normal way of it is a shallows a project with action plan and that's not so which would prevent us but eliza project is a good time as a field of gas will stop the flow to europe via black sea in two thousand and fifteen does this actually mean that the project the south stream project is happening but here in the here gulf elations at those a company can save his ability to study demonstrates that this project is feasible because let me put it justifiable at this specially in the eu

russian oil major also nafta is negotiating with two companies to jointly explore the black sea shelf one of them is exxon mobil which recently signed an arctic exploration deal with the russian company earlier roles that discuss the possibility of black sea exploration with america's chaperone however negotiations were stopped and. it was reported to be the other company showing an interest in the project. let's take a look at the markets now we'll start with oil which is part earlier gains after the international energy agency cut its estimate with unmanned growth and raised its supply forecast counter and support provided by rebalance in the bureau in stock markets grants as now it's trading at one hundred twelve dollars a barrel of oil light sweet is that around eighty nine dollars. and there is little optimism around in europe as investors focus on the weakness of the global economy the footsie and the banks have dropped for a third day raised in an earlier advance as concern grew that europe's sulfur in that price is a major harm the economy and reduced banks access to funding t

all major olsen after is in talks with italy's any of the joint development of a project in the black sea that's according to the business daily corner sun's quoting sources close to the deal the newspaper says the european company would get a third of the joint venture which is expected to be sealed by the end of the v.m. in response ross left wants to win a role in any project in libya earlier the russian company discussed the possibility of working in the black sea with americans chevron and exxon mobil the world's biggest soft drinks maker coca-cola is planning to invest three billion dollars into russia's economy by twenty six c. and that's as much as it spent over the last twenty years speaking exclusively to archie the company's president can't explain where the money will go that's going to be investments in more production more distribution more marketing more branding more communication more support of our customers where we have seen opportunity in russia we have made some acquisitions like milton and like me down. so those are complementary to our business existing business we

us put eliza project into your time as a field the guests will stop the flow to your job or via black sea in two thousand and fifteen does this actually mean that the project the south stream project is happening but here we live here help you issuance and those a company can sophism you to just study demonstrates that this project is feasible because let me put it justifiable that this pressure to new york city so the changes if you have the nature of the gas in the euro will means that russia will be the by this of the audience is guess what i believe customers how would you comment the european energy commission is going to give. remarks that south stream now presents a threat to european energy security i was really surprised as well as well as my colleagues because when never never. did it never consume that novel because i come by the defroster for very simple reason because this new projects have different names of a project is not a good time to diversify transit through it's old fashioned guess was the problem markets with customers with their love lives with you need technical e

doesn't put eliza project into your time because it fills a gas flow stop the flow to europe via black sea in the cells of the future does this actually mean that the project the south stream project is happening but even there here well fuel efficiency and those a company can save his ability to study demonstrate that this project is feasible because let me put it justifiable with especially in the eurozone recent changes since it you know my general gas in the euro will means that russia will be the by this with the billions is ghastly going to build customers how would you comment the european energy commission is going to give. remarks that south stream now presents a threat to european energy security i was a little surprised as well as well as my colleagues because when never never. did it never considered not to because a competitive projects already symbolism because this new projects have different names of a project you started to put your surprise visit to its old fashioned guess was the problem markets become customers but listen you need technical experience imprudence a new s

all major ross nafta is in talks with italy's any over the joint developments of a project in the black sea. that's according to the business daily caller science that quote sources close to the deal now the newspaper says the european company would get a third of the trench away from is expected to be sealed by the end of the year in response was their plans to win a role in any project in media area the russian company discussed because the worry of working in the black sea with america chevron and exxon mobil. the world's biggest drink maker coca-cola is planning to invest three billion dollars into russia's economy by two thousand and sixteen that says not as it spent over the last twenty years speaking exclusively to r.t. to companies president kent explains where the money. that's going to be investments and more production more distribution more marketing more branding more communication more support of our customers where we have seen opportunity in russia we have made summit with visions more than. so that those are complementary to our business existing business we feel that our p

heard a statement from here suggesting that it is the south stream should go not underneath the black sea which will be of course very costly but through ukraine's territory to buy gas from a said there is no point in this because the whole aim is to avoid going through ukraine altogether placated me too many thanks for that more information on this coming up in a business plan very shortly but for now thank you gentlemen thank you in such a half for us. not to the community where you want for nothing life's easy and work is plenty vol one such place did exist in a remote russian outpost but not anymore not even a place within russia's borders it's actually a norwegian archipelago called spitsbergen it wants and body the soviet dream the system without money but where everyone's needs were provided for in a series of special reports for r.t. to visit what was meant to be communism as example of a bright future. it's one of the busiest colonies in the arctic. restless there's the northern sun the brits call the island in search of food for their young noisy and disorderly like old big fami

a large scale gas pipeline which it's goal is to deliver gas directly from russia underneath the black sea to europe through bulgaria to austria and as a regular european clients are voiding transit countries because today we are going to see the signing of the shareholder agreement tween gas from and its european partners companies from france italy and germany this basically means that this project is not far away from happening this is one step forward a very important step forward to the realization of the project unlike a rival project in a bucco pipeline in europe which is supposed to deliver central asian gas to europe and therefore a lot of concerns of arisen from european authorities notably european energy commissioner. has said that this is threatening european energy security as it becomes more reliant on russian gas but this statement seems controversial because as i mentioned the goal is to deliver gas from russia to your directly avoiding transit countries so it is actually ensuring gas supplies to europe and ensuring energy security at the same time we've heard a statement

in any project in libya earlier the russian company discussed the possibility of working in the black sea with american chevron and exxon mobil. russia needs a new finance minister following the sharp departure of aleksey kudrin on monday his position became untenable after the after he told me he stated he would not work on the meditative in the next administration she could now from morgan stanley russia says there are a few candidates to succeed couldn't but will find it hard to match the confidence . i think there's quite a number of people in more sco who have the qualifications on paper a perhaps a personality to be the minister of finance visit last year the central bank governor who worked in the ministry of finance business you can who was a deputy minister of finance deputy central bank governor there's talk of rich the president's economic adviser those deputy ministers in the ministry of finance such a store chap who have a capacity to to to fulfill the role model to trim the hires to track record he has credibility and you don't build that up overnight and russia needs a stea

we've also heard a statement from kiev suggesting that the south stream should go not underneath the black seawhich will be of course very costly but through ukraine's territory to buy gas from is said there is no point in this because the whole aim is to avoid going through ukraine all together like a jimmy to many thanks for that more information on this coming up in the business plan very shortly but for now thank you need to have to thank you insult for us. now imagine a community where you want for nothing life is plenty one such place did exist in a remote russian. not even a place within russia's borders it's actually a norwegian archipelago. it was somebody the soviet system with money but where everyone's needs were provided for in a series of special reports for. what was meant to be communism zone full of a bright future. it's one of the busiest colonies in the arctic. cold in a sun the brits called the island to search of food for their young noisy and disorderly like old big families the seagulls of the last three minder of the one family atmosphere that once permeated this arctic

take a fifty percent stake in russia south stream project the natural gas link will go on to the black sea and then on to eataly and austria it's aimed at meeting europe's growing energy demand italy's any will get a twenty percent stake germany's winter's haul and the french e.d.s. will each get fifteen percent richer don't get caught up with the deputy head of gas prom and ask him how significant the deal is. we finalize the company because if you need to study in the south in project then the below was not on when the poles apart but it took him inside place though and the normal way of it is issue that was a big bear project with the action plan and it's not simply the prevent us but eliza project into you time as a fill the gas will stop the flow to europe via black sea in two thousand and fifteen does this actually mean that the project the south stream project is happening may be related calculations and goes a complete can see if you need to study demonstrate that this project is feasible they've got limited justifiable at this passion in the eurozone recent changes since as you pu

a fifty percent stake in russia's salt stream project but not chill counseling will go on to the black sea and then on to italy and it's aimed at meeting europe's growing energy demands usually me will get a twenty cent stake as hall and the french from media will each get fifteen percent which would be genco quotes up with the deputy head of gas from an ask him how significant the deal is. we finalized a comprehensive visit me just i knew i was assaulted in project the below was not over when the polls are going but i've got them inside place though and as a normal way of it is a shallows a project with action plan and it's not simply the prevent us but eliza project is it you time is a field of gas was not the floor to europe via black sea in two thousand and fifteen does this actually mean that the project the south stream project is happening here in the here help elations and goes a company can see if you need to study demonstrate that this project is feasible you can look at pretty justifiable and this passion in the eurozone recent changes if you look at the natural gas in europe wi

in any project to levy up earlier the russian company discussed the possibility of working in the black sea with america's chevron and exxon mobil. russia needs a new finance minister following the shock of parcher atlantic city could ring on monday his position became. untenable after he publicly stated he would not work on the dative in the next administration but now from morgan stanley rushes there are a few candidates to succeed quadrant but all find it's hard to match the confidence he inspired. i think there's quite a number of people in morse code who have the qualifications on paper and perhaps personality to be the minister of finance is ignacio the central bank governor who works in the ministry of finance business you can who was a deputy minister of finance step the central bank governor those to walk of rich the president's economic advisor as deputy ministers in the ministry of finance such a store track you have a capacity to to to fulfill the role not to trim the track record he has the credibility and you don't build it up overnight and russia needs a steady hand on the fi

a fifth of the cent stake in russia south stream project the natural gas link will go on to the black sea and then on to italy and austria it's aimed at meeting europe's growing energy demand italy's any will get a twenty percent stake while jonas hall and the french from e.d.s. will each get fifteen percent to time to coach up with the deputy head of gas from an ask him how significant the deal is. with her finalize that nobody cares if you need to start you know the size that it projects that the low was not over when the poles of course but it took them inside place though and as a normal way of it is a shallows a bit by a project with the actual plan and it's not simply to look at it with us but eliza project to use it you time as a fill the gas will stop the flow to your job or via black sea in two thousand and fifteen does this actually mean that the project the south stream project is happening but here we live here help your wishes and those a company because if you just study demonstrates that this project is feasible because let me put it justifiable that this person in the euro

project which will deliver gas eventually from russia underneath the black sea to bulgaria and then eventually directly to european consumers in austria and italy basically russia has been spending quite a lot of time with gathering partners in this project and today in around two hours we are going to be witnessing the signing of the shareholder agreement which will divide stakes in the project russia will get gazprom will get fifty percent plus one stake controlling stake and for french companies german companies and selling companies will get the other half basically what's been happening is this signing of this agreement means that this project is potentially actually happening and this says that creates a lot of fossil lot of concern from european authorities now we've heard comments from the european energy commission a good. that he sees basically from his words it seems that this project is a threat to european energy security because europe has been working through outlining a rival project called the south corridor and that's the trance caspian pipeline and then a book of tipline whi

win a role in any project to leave the russian company discuss the possibility of working in the black sea with america's chevron and exxon mobil. world's biggest soft drinks maker coca-cola is planning to invest three billion dollars into russia's economy by twenty sixty and that's as much as it spent over the last twenty years speaking exclusively to r.t. the company's president moved our can't explain where the money will go. that's going to be investments in more production more distribution more marketing more branding more communication more support of our customers where we have seen opportunity in russia we have made some my positions like molten and like we've done. so that those are complementary to our business existing business we feel that our portfolios very rich and we will be focused on organic growth in the next few years. that's all we have time for now. call website are. down the official. touch from the. video. on ts minefield comes and says feed now in the palm of your. question on the. wealthy british scientists. it's time to. find out what's really happening to the g

take a fifty percent stake in russia south stream project the natural gas link will go on to the black sea and then on to italy and austria it's aimed at meeting europe's growing energy to mount italy's and he will get a twenty percent stake while germany's winters hole and the french from easier will each get fifteen percent to return coke or top of the deputy head of gas prom and ask him how significant the deal is. because finalise the company has to physically decide you know the south in project the below was no where the balls of course but i took him inside place though and the normal way of it is issue goes a bit by a project with the action plan and it's not simply the do it just put eliza project into you time as a fill the gas will stop the flow to europe via black sea and the sails and feature does this actually mean that the project the substrate project is happening right here in the here gulf elations goes a company can save his ability to study demonstrate that this project is feasible because limburger it justifiable at the specially in the usa recent changes since the age

take a fifty percent stake in russia south stream project the natural gas link will go on to the black sea and then on to italy and austria it's aimed at meeting europe's growing energy demand interlace any will get a twenty percent stay while german is went to school and the french e.t.s. will get fifteen percent richer or the tank of course up with the deputy head of gas from and asks him how significant the deal is. with the finalize the deal but if there's a visit we need to start you know the south in project the below was not over when the poles accord but it took them inside place though and there's a lot more will for it is a shallows a bit by a project with the actual plan and it's not soup which but but it doesn't put eliza project into your time as a fill the gas will stop the flow to europe via black sea in two thousand teach it does this actually mean that the project the south stream project is happening but here we live here well fuel efficiency that goes a bit but it comes to visit really just study demonstrates that this project is feasible because let me put it justifiabl

in the black sea that's according to the business daily mirror sunt quoting sources close to the deal the newspaper says the european company got a third of the joint venture which is expected to be sealed by the end of the here in response ross never wants to win a role in any. earlier the russian company discussed the possibility of working in the black sea with america's chevron and exxon mobil. world's biggest soft drinks maker coca-cola is planning to invest three billion dollars into russia's economy by twenty sixteen well that says much as it spent over the last twenty years speaking exclusively to our t. the company's president can't explain where the money will go. that's going to be investments in more production more distribution more marketing more branding more communication more support of our customers where we have seen opportunity in russia we have made some of the visions i will to an unlikely done. so that those are complementary to our business existing business we feel that our portfolios very rich and we will be focused on organic growth in the next few years. an

project leading up earlier the russian company discussed the possibility of a truck work in the black sea with american chevron exxon mobil that's all for now but you can always find most always just log on to our web site you don't cost much . the limited. to. just say. wealthy british style. sometimes it's crisis. marc.

take a fifty percent stake in russia's south stream project the natural gas link will go on to the black sea and then on to italy and austria it's aimed at meetings europe's growing energy demand italy is any will get a twenty percent stay while germany is went to school and the french will each get fifteen percent commission of the day incur caught up with the deputy head of gas prom and ask him how significant the deal is. wicker finalize the company has to physically need to start you know the saws they project and that allow us know when the balls are going but it took him inside place though and as a normal way of putting his issue alone was a big bad project with our actual plan and it's not simply the current us but eliza project or is it you time it's a field of gas will stop the flow to europe via black sea in two thousand and fifteen does this actually mean that the project the south stream project is happening during the year calculations and goals a comprehensive is really just lead to demonstrate that this project is feasible because let me put it justifiable for this passion in