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Russian stats gas company Gazprom, Italia’s Edison and Greek DEPA signed a memorandum on  gas supplies from Russia over the Black Sea bottom from third countries to Greece and from Greece to Italy, the Russian gas holding said on Wednesday. According to TASS, the purpose of the agreement is to organize the southern route of Russian gas supplies to Europe.

Russian stats gas company Gazprom, Italia’s Edison and Greek DEPA signed a memorandum on  gas supplies from Russia over the Black Sea bottom from third countries to Greece and from Greece to Italy, the Russian gas holding said on Wednesday. According to TASS, the purpose of the agreement is to organize the southern route of Russian gas supplies to Europe.

Gazprom said the document showed the three firms were interested in a route supplying Russian gas along the bottom of the Black Sea and through third countries into Greece, and then from Greece onto Italy, Reuters informs.

"Development of intra-European gas transport capacities is an important component of improving reliability of supplies of natural gas, including the Russian one, to consumers all over Europe," Chief Executive Officer of Gazprom Alexei Miller said in a statement.

The agreement was signed after a meeting in Rome on Wednesday between Miller and Italy's Economic Development Minister Federica Guidi.