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 all 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 has 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 l.n.g. and chilled gas in quite a different way. the shale gas first of all we know the story about to us very 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 be in europe it could be quite different from the u.s. and our number of environme

mr krammer you have claimed many times that the south stream is a project of european interest that what you say but this argument against sits in the european union who's interested in derailing this project to is against except ukraine force. well i would say that you know it's it is obviously a project in european interest europe needs to import more gas europe wants to do that in a secure and stable manner and so safe and secure new transit routes are obviously one way to do that on top of that you have many european companies and countries such as the southeast the east european countries directly involved and wanting to see the project realized so i don't really doubt that this is a project of major european interest it brings good natural gas supply secure supply for the long term the ability to plan for a for a cleaner environment for renewable sensible woman still forth so we are feeling quite strongly about that and it's not only us in the project itself but also other companies involved now of course there will be. always people around your who see this so much differently tha