The Yamal-Europe natural gas pipeline is a 4,196km long pipeline connecting natural gas fields in Western Siberia with the Yamal peninsula, Russia, with Germany.

The MOU requires the gas pipeline to run through Poland and supply Russian gas to Slovakia and Hungary, and deliver approximately 15 billion cubic meters of gas.

Within six months of time a feasibility study for the project is expected to be submitted.

The pipeline will increase the transit capacities of gas supply to Poland, Slovakia, and Hungary, and reduce transmission costs. It will also increase the volumes of Russian gas export to the Central European countries.

Gazprom Management Committee chairman Alexey Miller said the pipeline insists on the need to build additional gas transmission capacities to provide uninterrupted and reliable Russian gas supply to European countries.

"The gas pipeline route will run through Poland and our Polish partners will take an active part in engineering and construction works," Miller added.