Gazprom plus one share of Sakhalin Energy. In June 2007, TNK-BP, a subsidiary of BP plc, agreed to sell its stake in Kovykta field in Siberia to Gazprom after the Government of Russia questioned BP's right to export gas from Russia. On 23 June 2007, the governments of Russia and Italy signed a memorandum of understanding towards a joint venture between Gazprom and Eni SpA to construct a 558-mile (900 km) gas pipeline to carry gas per year from Russia to Europe. This "South Stream" pipeline would extend under the Black Sea to Bulgaria with a south fork to Italy and
Energy and Environmental Security Initiative key decision-makers throughout the world in two ways: First by evaluating the extent to which their existing commitments and pledges are actually working; and second, by facilitating new and better clean and affordable energy solutions. IPECC will provide the information needed to improve the effectiveness of existing commitments and encourage new commitments where necessary. It is designed to track and monitor the implementation of sustainable energy commitments undertaken by governments, corporations and other entities, and to provide detailed information on the extent to which they are being complied with. In doing so it will serve as a watchdog over what