Putin and Gazprom have agreed not to assess the costs of "South Stream".

Gas pipeline "Southern stream", which will link Russia and Europe under the Black Sea, will be built in 2015, and the cost of it will be around 10 billion euros. On this March 10, Prime Minister Vladimir Putin of Russia, RIA news. As early as February, Gazprom said that the pipeline will cost 25 billion euros.
Why is such a dramatic revision of the amount of investment, Mr. Putin is not explained. Perhaps that assessment of "Gazprom" was calculated on the basis of the high cost of metals and hydrocarbons, and Vladimir Putin - the cost of goods after the collapse of prices due to the crisis. According to the Prime Minister's difficulties with the financing of the project is not Russia, said Interfax.
Previously, Russia has repeatedly stated that the plan to build the "South Stream" by 2013, but dates have been postponed to 2014-2015 years. The delay relates to the fact that the construction of a pipeline have to negotiate with many countries in Europe.
March 10, Russia agreed with Hungary on the construction of pipeline in the country. However, Prime Minister of Hungary Ferenc Dyurchan have already noted that the final decision on the erection of the Hungarian section will be developed only by 2011.
"South Stream" - a major gas pipeline projects Russia in recent years. First he will go to Bulgaria on the Black Sea, and then divided into two branches: one is to deliver natural gas to Greece and southern Italy, and the second - in Serbia, Hungary and Austria. Competitors "Southern stream" in the press have repeatedly called the gas pipeline Nabucco, which the authorities want to build the EU without Russia. However, in the EU and Russia have repeatedly stated that their projects did not consider competing.