but as the project is gaining momentum there's criticism in some quarters that south stream is unprofitable and has no future not to do the project leaders have to say today here's the c.e.o. of the south stream marcel crammer joining us from st peter's world economic forum . after the gas role between russia and ukraine left after your precinct decided to develop an independent proved to secure its gas supplies south stream i believe along the bottom of the black sea and then on into europe critics say this pipeline will make western europe even more dependent on moscow every fourth household on the continent and russian gas. means our streaming back to gazprom is working hard to prove that even though the pipeline. is a crime or welcome to the show thank you very much for being with us. well first of all first of all i'd like to ask you about your presentation in brussels on the twenty fifth of may did this presentation somehow change the attitudes in the e.u. towards the south or do they still have questions about the project. well i think it was a very successful event so. there was a very good price and smote only off the many partners tender sauce. in projects but also

welcome back to spotlight i'm just a reminder that my guest on the show today is of our cell crammer is the c.e.o. of the south stream who is joining us from st peter's been from the economic forum mr krammer we started talking about about south stream bad in the book about competitiveness of these two projects but as far as i understand natural gas which you pipe which you pump through the pipes also has also asked competition like the new sources of gas for example the shale gas and the liquefied natural gas they're putting downward pressure on natural gas prices is this really the trend this is a true. well you know i think we have to look at the alan g. and chill gas in quite a different way. the shale gas first of all we know the story about to us for a large and rather unexpected volumes of shale gas have come to the market there. we are now as an industry looking very hard at what could be the possibilities elsewhere in the world and what i'm hearing about europe in that respect is that yes there are in geological terms certain possibilities it is not yet quite clear how complicated some of the production will

but as the project is gaining momentum there's criticism in some quarters that south stream is unprofitable then as no future one to do the project leaders have to say today here's the c.e.o. of the south stream marcel primary joining us from st peters world economic forum. after the gas role between russia and ukraine left europe breezing moscow decided to develop an independent fruit to secure its gas supplies south stream belayed along the bottom of the black sea and then on into europe but critics say this pipeline will make western europe even more dependent on moscow today every fourth household on the continent consumed russian gas. main south stream investor gasper always working hard to prove that even the pipeline. is a crime or a welcome.

you but as the project is gaining momentum there's criticism in some quarters that south stream is unprofitable then has no future one do the project leaders have to say today here's the c.e.o. of the south stream marcel primer joining us from st peter's world economic forum. after the gas will be.