”South Stream” is acknowledged an object of national importance.

December 02, 2011

Bulgaria acceded to the ”South Stream” in 2008, but a year later the new government announced the suspension of the state energy projects with Russia. However, in 2010, the parties settled the dispute: in July Russia and Bulgaria signed a “road map” to “South project,” and in November, ”Gazprom” and Bulgarian Energy Holding (WEN) formed a joint venture South Stream Bulgaria AD, which will implement the Bulgarian section of the pipeline .

”South Stream”, by help of which Russia would supply fuel to South Europe without the mediation of participation of Ukraine will be laid on the Black Sea to Bulgaria and then split into two branches. One of them will pass through Greece to South Italy, and the second – through Serbia and Hungary to Austria. More precisely the pipeline route has not been determined yet; in addition Turkey has not yet given an approval for the laying of pipes through the country’s exclusive economic zone in the Black Sea.

Along with ”Gazprom”, which owned 50 percent of the “South Stream” in the project are involved the Italian Eni, France’s EDF and Germany’s Wintershall. It is planned that the ”South Stream” will be built by 2015 and by 2018 reach a full capacity of 63 billion cubic meters of gas. Project costs are estimated at 15.5 billion Euros, of which 10 billion Euros will be spent on the sea area, and 5.5 billion – on the land.

Source: Internet publication Lenta.Ru

”South Stream” is acknowledged an object of national importance.

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