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Gazprom, OMV Sign Deal on South Stream Austria amid Putin Visit

Russian concern Gazprom struck Monday an agreement with oil and gas company OMV on the construction of Austria's stretch of the South Stream gas pipeline.

The agreement was signed on Tuesday, the day of a visit by Russian President Vladimir Putin to Vienna where he meets Austrian counterpart Heinz Fischer.

Russia's Putin to Scrap Ukraine Intervention Decision

Russian President Vladimir Putin proposed to Parliament that an enactment allowing military intervention on Ukrainian territory be canceled, his press secretary reported.

The request was introduced "with the aim to normalize the situation" in the east of Ukraine, Dmitry Peskov was quoted by RIA Novosti as saying. 

Russia and Austria set up joint South Stream company

Russia and Austria set up joint South Stream company

VIENNA -- Russia and Austria have agreed on a joint company to construct the Austrian arm of the USD 45 billion South Stream gas pipeline project, RT.com is reporting.

The pipeline will deliver 32 billion cubic meters of Russian gas to the country, bypassing Ukraine.

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