OREANDA-NEWS. December 21, 2011. The Gazprom Board of Directors took notice of the information on the current state and the progress with the South Stream gas pipeline construction.

The meeting participants underlined that the project was progressing on schedule. Commissioning of the first string of the gas pipeline is scheduled for late December 2015.

The Gazprom Management Committee was instructed to continue its cooperation with foreign partners on preparation of front-end engineering and design documents in order to make a final investment decision on the South Stream project.

The Board of Directors tasked the Management Committee to report in the fourth quarter of 2012 on the progress with the project implementation.