Russia and Hungary have signed a major deal to build a new natural gas pipeline that will strengthen Russia's domination of European energy supplies.
Russian President Vladimir Putin and Hungarian Prime Minister Ferenc Gyurcsany oversaw the signing of the agreement at a Kremlin ceremony Thursday.
It calls for a section of the South Stream pipeline to built in Hungary, after going through Bulgaria and Serbia. The project will undercut the prospective U.S.- and European Union-backed Nabucco pipeline designed to ease Europe's reliance on Russia.