News saturation alert: "Russia's Gazprom will sign agreements to build the South Stream pipeline with all countries involved this Friday, said Greece's development minister today."
Gird your loins for an avalanche of pipeline op-eds.
By the way, Gazprom continues to assert the project will cost a mere €10 billion. Does that figure seem too low? It should. In March, Aleksandr Medvedev's private presentation to investors projected a cost of €19 billion to €24 billion.
At that price, the project will be hard pressed to make its money back -- especially since no-one inside the Kremlin has explained exactly how Gazprom is going to fill it with gas.