in terms of south stream construction probably not the point is that there is a. competition project there to book a gas pipeline and bulgaria is crucial country for both of these projects so probably bulgaria. keep up waiting to make a final decision to make. actually to make this decision to preference out from project. export is likely to give a discount to book area. to discount the price of gas for bulgaria by five to seven percent next to three years now if south stream does go ahead this will mean that the gas transit through ukraine will fall by haps by as much as fifty percent so one of the consequences likely to be. well everybody understands that if south stream will be built no modernization of ukrainian gas system all of that so i think it is the it is a crucial question actually for ukraine although it's not participating in the negotiations and i think there are just just in ourselves from both the built and nobody's additional training that gets publicists and will be there or opposite the book it will be beautiful non of this new gas pipelines wil

project got details on the ramifications of the meeting and the south stream project in our business update right now. our welcome to our business program here and our energy companies from russia and bulgaria have signed a deal to build a bulgarian section of the south stream pipeline gary has wavered about taking part in the pipeline project which will supply russian gas to europe under the black sea russia's prime minister said bulgaria world quadripolar writings for gas transit under the deal russia is also building a nuclear power plant in vogue area and is looking for european investors to help finance the project saturday signing marks the final step before the actual construction of the pipeline as early as next year. earlier i spoke to r.t. correspondent daniel bushell who is in sofia. there's a saying here are hungry bear one dance and bog areas i proved that today sophia finally signed up to one of europe's largest energy projects but it comes off to a bitter battle between two of your old men. premier parker is self is a seven and karate black belt the difference in a bla

south stream is a two. delivering our guests who are a consumers national can other words transit they versification into and the two for delivery it's diversification. they do or is in a pipeline he's and was created as a two for its source they will receive for the european consumers in this respect we do not compute it's all well read enough to be assured that our project will be implemented according to schedule and game twenty fifteen the first gas delivery will be performed i forgot or i mean right now we are at this teacher when they visit billet the study for the c. part of the project is written which us so next year we expect it considering all the costs abilities in all the options we have ships and you know that recently mania became interested in this project to you which was not part of this project prior to that and india when you say interested do you mean that you have started negotiations already yes a direct contacts are right there just saying direct contacts that at the moment they are

through the book or in territory south stream or in the pipeline overall everybody's talking about gas pipeline south stream an oil pipeline from go go right to greece i think the most important things are. discussions of the gas price. gas problem should give a five to seven percent discount for gas for bulgaria for next two or three years. to japan now where world leaders including russia's president made a very defiant meeting for the asia pacific economic cooperation summit the summit has already brought deals among them a contract between russia and china and japan to build the fertilizer plant in tatarstan the first major facility in the region for the last twenty years the project is one of the biggest of its type worth one billion dollars i will involve china's national chemical engineering corp japan's mitsubishi. swords and russia's state owned a morning the summit also focus on global issues like trade after the june twenty fifth to agree how to boost the world economy. clearly there is a very ambitious agenda for trade liberalization in the region and i think one of the imp

head of gas products in miller said the company may begin building south stream for months ahead of shadow he said preparing to work in bulgaria where the pipeline will emerge from the black sea is going faster than planned the project is slated for completion at the end of two thousand and thirteen. usual there are no problems with financing the bulgarian part of so stream the entire project will work very productively with varying partners everything is going to cause him to decline and may even perform it and if it goes well it will finalize the whole project four months ahead of schedule because we need to other stories leaders meeting at the asia pacific economic cooperation summit in japan agreed not to slide into protectionist measures tatarstan will get one of the world's largest fertiliser operations companies from china and japan will work with russia's state owned a more need to build the billion dollar plant the summit also continue the work towards a regional free trade zone. russia this is very slow on saturday all the butchers were in the red with energy majors the biggest d

is south stream is the majority's opinion that south stream is the bucco pipelines rival. gazprom has recently started work on the project and is currently negotiating with the friendship. and the german. are you negotiating with any new partners in this project gazprom ready to reduce its share for the sake of new partners. but. i would say we have activated our word since we have always been actively working on the project but the fact that as you say people talk a lot about sauce three now. because among other reasons. there is nothing to say bulk nordstrom to ship the nature of the pipeline construction is under way. you may remember that some time ago there used to be a lot of criticism and doubts about it. for some reason but i actually enjoy lists . with journalists completely forgot about it when everything is fine and the media to forget about it so what's wrong with the south koreans since all of them out there. in south through rivalry we have many times that there is no reason for such a rivalry. south stream is a two. delivering our gas to our rick consumers n

greenlee's make sure there's a but i want to i want to underline the european image of south stream the leading companies of italy and trounce are already included in the development of this project and we have proposals from other west european partners there is problem and don't care in energy holding working on the technicalities of the boat carrying part of south stream the work has already started well got a few in the region. well thank you daniel for briefing us on these latest deals between a russia and bulgaria that was our correspondent daniel bushell reporting live from sofia now leaders meeting at the age of pacific economic cooperation summit in japan agreed not to slide into protectionist measures tatarstan will get one of the world's largest fertiliser operations companies from china and japan will work with russia's state owned a more need to build the billion dollar plant the attack summit also continued joint work towards a regional free trade zone. now russia in this is pretty slow on saturday all the blue chips were in the red with energy majors the biggest drag buck

cooperatively range meant for the future well you've touched upon south stream how would the development of south stream change the energy sector in slovenia what exactly do you expect from we see the multiplying effect of the gas pipeline because the gas pipeline brings not only gas it brings other economies to see it brings gas based electricity plants which we need them others need in the region and we can develop that use and next you can achieve you know this is an opportunity it's really a basic opportunity and let's look at this opportunity in the call put it the framework with more confidence than we were used from before you speak about. framework in terms of consumer and supplier but you also previously on different occasions told r.t. that one should connect with where the energies and their energy is in russia why is there so persistent about a number well i'm not persistence of india is not the part of the book a project by your part of the e.u. we are part of the e.u. and we would like to see that we don't see this as a mutually exclusive projects that we believe we believe

but some experts suggest the book was just words and no alternative to moscow's north stream and south stream pipelines. there's a mystical korean of hello thank you for coming to a program as i said the winter is coming the words gazprom winter and ukraine somehow connected in the minds of journalists could you tell us if agreements have been reached with ukraine she. said that the price would be lowered he was talking about two hundred thirty two hundred thirty five dollars for a thousand cubic meters from gazprom we have the number two hundred fifty dollars four thousand cubic meters this is how all these negotiations with ukraine going to go. we have a contract based on we calculate the price which is adjusted every quarter depending on how prices change so the different numbers that you hear at different times contradict each other they just reflect the current situation. there have not been any new agreements on gas prices we were just discussing what price we will get you based on the formula that we have in the contract. conduct could you just clarify something for me this is all happ

minister letting the putin is in sofia yet to meet his bulgarian counterpart boy kabaddi said the south stream agreement is expected to provide for the establishment of a joint stock company to begin construction the deal could help gas from complete its south stream project ahead of the arrival of the book pipeline. well gary it's a key country for deciding which part plan will be at all and probably which pipeline will be the first one in the book or stream it's pretty important contra for both of you sparked lines from the book is essential basically role of this meeting will finally decide the question which pipeline will be through the book or interests stream or the book or pipeline although everybody's talking about gas pipelines saw three men oil pipeline from go to greece i think the most important things are. discussions of the gas price. gas problem should give a five to seven percent discount for gas for bulgaria for the next two three years now let's head to japan where several world leaders including russia's president dmitry medvedev a meeting at the asia pacific economic cooper

gas transportation projects that capture the i touch and today and these were nori stream and a south stream while the construction of a noise stream project is almost done and the first gas supplies why the pipeline is will start next year in twenty eleven however the situation over at the south stream project as the still unclear looks under the midday do for only months and today that other players from of the global energy community are welcome to participate and this project. thank you very much we do that with r.t. cause what it meant to the question of a quarter. and take a look at how the equity markets are performing european stocks are sinking further into the red at mid session on tuesday following heavy falls in china and losses on wall street while it is still in the spotlight as it comes under pressure to accept a bailout from the euro. and the russian markets are on the slide here in moscow to with both indices shedding more than one percent banks and energy majors are way down more than one percent on the r.t.s. and russell have to share the more than two percent on the my se

gas transportation projects that cap of the i touch and today and these were north stream and a south stream while the construction of a north stream project is almost done and the first gas supplies by the pipeline is will start next year in twenty eleven however the situation over at the south stream project as a still unclear alexander the midday differ only mentioned today that other players from of the global energy community are welcome to participate and this project. parties madina course for forging from castro's head. must come to your has come off a seven week low against the dollar but it remains vulnerable as investors wait for a decision on a possible bailout for ireland dublin is continuing to resist fresh attack sept eighth from its euro zone pot mess at a meeting of finance ministers in brussels it says it is not in danger of defaulting on its debt pull macko from h.s.b.c. explains why our own small economy is such a big problem it may not be a big economy because i'd still have quite a big impact for the european economy as a whole and really what it comes down to is that c

two major gas transportation project that the i touch in today and these were north stream and a south stream while the construction of a noise stream project is almost done and the first gas supplies why the pipeline now is will start next year in twenty eleven however the situation over at the south stream project as is still unclear and alexander the midday do for only mentioned today that other players from of the global energy community are welcome to participate and this project. time to take a look at the equity markets european stocks a sinking further into the red meat session on tuesday following public forums in china and the system will treat our lender still is quite modest comes under pressure to accept a bailout from the euro. the russian markets on the slide here in moscow with but indices shedding nearly two percent banks and energy majors are way into shutting nearly three percent on both and ross net is down to the true percent on my six the sound. russia's largest still make a superstar has almost double its profits in thought or to beating analyst expectations that you ca

meeting will finally decide the question which pipeline will be through the bulgarian territory south stream or in the book of pipeline although everybody is talking about gas pipelines so stream an oil pipeline from it will go right to greece i think the most important things are . the discussions of the gas price. gazprom should give it five to seven percent discount for gas for bulgaria for next two or three years to japan now with several world leaders including russia's president medvedev a meeting for the asia pacific economic cooperation summit the business summit has already brought some deals among them the signing of a contract between russia japan and china to construct a fertilizer plant in russia. the first major facility in the region for the last twenty years and one of the world's largest if this type of project is worth one a billion dollars will involve china's national chemical and operation mitsubishi heavy industries gyp's russia's state owned a money the apec summit is seen as another attempt to settle global financial issues by pushing for free trade after the g. twent

two major gas transportation projects that the i touch in today and these were nori stream and a south stream while the construction of a north korean project is almost done and the first gas supplies to buy the ply plane that is it will start next year in twenty eleven however the situation over at the south stream project is still unclear alexandra de deux for only months and today that other players from of the global energy community are welcome to participate and this project. business are in the course of reporting the euro has come off a seven week low against the dollar but it remains vulnerable as investors wait for a decision on a possible bailout for ireland is continuing to resist pressure to accept aid from its eurozone partners it's a meeting of finance ministers in brussels it says it is not in danger of defaulting on its debt pull mako from h.s.b.c. explains why all the small economy is such a big problem. i mean if you're calling me because i'm quite a big impact for the european economy as a whole and really what it comes down to is that conditions in our own got a lot worse

really are over the barrel but the north st pipeline more or less solves that problem and the south stream i think is a bit of a feint on the sort of level have to but certainly they want to do on their own terms ok well that's all we have time for unfortunately bad. thank you very much editor in chief business new york thanks for coming into the program. and always have a look at how the markets are praying this hour european stocks are lower as markets took in fresh reports of blasts from the korea sovereign debt issues continue to where an investor's mining shares are weak or helping drag you down point six percent says of real things are losing three and a half percent and shares a wonderful dust up one for the house side. and russian bourses are in the red after advancing on thursday to its highest level in more than two weeks most of the blue chips are following the biggest loser in that is noise it's down more than one percent the sell. biggest retailer has beaten expectations with its third quarter results at x. y. group rose nine percent during the period just on the eighty millio

today and these were north and south stream while the construction of a north stream project is almost done and the first gas supplies by the pipeline is will start next year in twenty eleven however the situation over at the south stream project and still unclear alexandra de deux for only months and today that other players shell from the global energy community are welcome to participate and this project. now let's take a quick look now at the equity markets european stocks are sinking the further into the redmond session on tuesday following heavy falls in china and losses on wall street ireland is still in the spotlight as it comes under pressure to accept a bailout from europe. the russian markets are on the slide here in moscow too with both indices shedding nearly two percent and as you may just away. nearly three percent on both courses and rosneft is down more than two percent on the my sex this hour. russia's largest automaker service has almost doubled its profits in the third quarter basing analyst estimates that income jumped to around three hundred seventy million dollar

result from sophia topping the agenda is energy cooperation primarily the construction of the south stream gas pipeline intense pump russian gas to europe and to the black sea an agreement to allow the creation of a joint stock company to oversee the production of the ball gary and section by the end of the year exams and as our office senior analyst at much of paul i.f.c. gave aussie his feelings on the event. well gary is the key country for it deciding which pipeline will be old and probably which popular move to the forest one in a book. pretty important conference for more of the spark blinds for the book is essential basically for all of this meeting will finally decide the question which pipeline will be through the book or into retore south stream or in a book or pipeline although everybody's talking about gas pipeline saw three men oil pipeline from bulgaria to greece i think the most important things are. discussions of the gas price. gazprom should give it five to seven percent discount for gas for bulgaria for next to three years. and where several world leaders including russi

cooperatively arrangements for the future well you've touched upon south stream how would the development of south stream change the energy sector in slovenia what exactly do you expect from it we see the multiplying effect of the gas pipeline because the gas pipeline brings not only gas it brings other equipment because they would see it brings. them based electricity plants which we need them others need in the region and we can develop that to use and next you can achieve you know this is an opportunity it's really a basic opportunity and let's look at this opportunity is in the call put it the framework with more confidence than we were used from before mr president thank you very much for this interview. my pleasure. my married mother did not like we're going to become. she was afraid. and she was very coldly. she felt. i was frankenstein's monster. we don't have the problem. every time and effort is made. by the palestinian or in the european side to negotiate an end to the violent attacks against israel which i have no fear of war call being cowards so long as you have no fear call

cooperatively range meant for the future well you've touched upon south stream how would the development of south stream change the energy sector in slovenia what exactly do you expect from it we see the multiplying effect of the gas pipeline because the gas pipeline brings not only gas savings other economic activity you see things. there based electricity plants which we need them others need in the region and we can develop that to use and next you can achieve you know this is an opportunity it's really a basic opportunity and let's look at this opportunity is in the call put it the framework with more confidence than we were used from before mr president thank you very much for this interview. if. the ship would be soo much brighter if you knew about sound from finest impressions. from stunts on t.v. dot com. for your commits are comfortable shuttle bus will teach you to this moment just a few hours observing virgin forest and scaring to scorn bears in your directly. on the move. crater. scorching soil and toward there are included. a photo with the wild lunar rover for free.

or in the book a pipeline overall everybody's talking about gas pipeline south stream an oil pipeline from go go right to greece i think the most important things are. discussions of the gas price. gas problem should give a five to seven percent discount for gas for bulgaria for the next two or three years. several world leaders including russian president medvedev are meeting for the asia pacific economic cooperation summit has already brought some deals among them the signing of a contract between russia and japan and china to construct a fertilizer plant in russia tatarstan the first major facility in a region for the last twenty years and one of the world's largest if this type of project is worth one billion dollars it would involve china's national chemical engineering corporation because new to the she has the industry's digits and russia's state home a money maker accelerated scene is another attempt to settle global financial issues by pushing for free trade after the g. twenty failed to agree on how best to boost the world economy. clearly there is a very ambitious agenda fo

bristle fence i fear topping the agenda is energy cooperation primarily the construction of the south stream gas pipeline intended to pump russian gas to europe into the black sea an agreement will allow the creation of a joint stock company to oversee the production of the bulgarian section but the end of the year at xander nazarov senior gas analyst at metropole i have see our t. his views on that that. gary is a key contrarian for deciding which pipeline will be told and probably which pipeline will be the first one in the book stream. it's pretty important conference for the spark blinds for the book is essential basically for all of this meeting will finally decide the question which pipeline will be through the book or into retore south stream or the book of pipeline although everybody's talking about gas pipelines solves three men oil pipeline from bulgaria to greece i think the most important things are. discussions of the gas price. gas problem should give a five to seven percent discount for gas for bulgaria for the next two or three years. and let's head to japan now where several

his counterpart in vogue area which could signal what the first step of the construction of the south stream pipeline project might have more details in about twenty minutes time. i know that it's twelve noon here in moscow you're watching r t welcome to the program they already account for hall for global economic activity but now they want more pacific rim nations are gathering in japan seeking to expand their influence and increase free trade he's also there is following the annual apec summit the.

appear to meet his counterparts in bulk area which could signal the start of construction of the south stream gas pipeline we have details in about twenty minutes time. a very warm welcome to you this is our life from moscow well they already account for half of all global economic activity but now they want more pacific rim nations are gathering in japan seeking to expand their influence and increase free trade as australia is following the annual apec summit. well we're here in the yokohama japan.

dollars on the other hand more european countries are planning to join the russian gas exporters south stream project. home is to be very of welcome to the show thank you very much thank you very much for being with us welcome well on the eve of his visit to germany prime minister putin shared his views with. germany and their article which is called russia and europe from learning the crisis lessons to a new agenda in partnership it reads i quote in a few years we will have worn interest to share and a deficit of energy resources that means high prices for european consumers and quote what exactly makes russia and probably gazprom so unhappy about the new nepean engine rooms this topic was a serious subject of a recent celebration meeting in brussels well instead of just looking for work it was at the u.s. history of russia european union dialogue we concentrated i was thinking and while it was a serious ones is introduction as asserting as you make it should be imitation of which is spoiled for being called next year and there's a reason of our concern that if this package will be implement

called productivity in german for the future well you've touched upon south stream how would the development of southeastern change the energy sector in slovenia what exactly do you expect from that we see the multiplying effect of the gas pipeline because the gas pipeline brings not only gas it brings other economic activity see it brings. them based electricity plants which we need them others need in the region and we can develop that to produce that and next you can achieve you know this is an opportunity it's really a basic opportunity and let's look at this support to anything in the call put it the framework with more confidence than we were used from before mr president thank you very much for this interview my pleasure. clusters that so much i can tell you that you will get over to the muslim world cup to see the nato this military alliance is in search of a mission can need to remain relevant d.c. twenty. wealthy british style. markets. find out what's really happening to the global economy with. global financial headlines kaiser reports. for your convenience are comfortable shuttl

the bulgarian government is back to joint venture with gas prone to build a local section of the south stream pipeline last week about carried energy holding and gas probably won't attend the initial investment study yet to agreement will be signed during prime minister vladimir putin's visit is a fear on saturday. new government scheme is being put into place to ensure a steady inflow of foreign investment into the caucasus region in the exclusive interview with r t presidential envoy to the north caucasus federal district alexander plan and explains the government's plan. from next year the government is ready to offer a guarantee to investors that means that if they invest money the government of the russian federation will take on risks to the tune of seventy percent of the investment value and the remaining thirty percent should of course be taken on by the invest in self and the banks involved in the investment the amount of the government guarantees secured for the following year is equal to fifty billion rubles which is a very serious commitment to save the investor from any risks tha

setting up of a joint venture with russian gas giants for the construction of the bulgarian route of south stream last week the garron energy holding and gazprom announced the start of a tender to select a company which will carry out a preliminary investment study the actual agreement will be signed during prime minister put an visit to sophia on saturday. gas prices should be independent of the oil market says the e.u. energy commissioner as gas becomes a more important source of energy the union wants to minimize price fluctuations and then she commission also spoke of europe's trust for russia as an actual partner. the russians have already invested more than four billion euro in the north stream pipeline and seeking profits and if gas can flow in then there's no profit so it's in the russian's code interest to ensure that this gas connection gets up and running and this interdependency is mutual russians are selling gas to us and they can purchase trucks machinery chemicals and engineering expertise from europe. and time to check the markets now both the bourses are still in the red here in

result from six fia topping the agenda is energy cooperation and primarily the construction of the south stream gas pipeline intended to pump russian gas to europe under the black sea and agreement to allow the creation of a joint stock company to oversee the production of the bow garion section by the end of the year at exxon's and desire of a senior gas analyst metropole i.f.c. gave azzi his views on the if that. well gary sickie contrail for it deciding which park plan will be old and probably which pipeline will be the first one in the book stream. pretty important contra for the spy plans for the book is essential basically for all of this meeting will finally decide the question which pipeline will be through the book or interest stories stream or in the book a pipeline overall everybody's talking about gas pipeline saw three men oil pipeline from bulgaria to greece i think the most important things are. discussions of the gas price. gas problem should give a five to seven percent discount for gas for bulgaria for next two or three years. now where several world leaders including russia's