Saturday April 19, 2014



Bulgaria signs South Stream, gas supply deals with Gazprom


Prime Minister of Bulgaria Boiko Borisov in Berlin, Germany, on Jan. 18, 2012. THE CANADIAN PRESS/AP, Michael Sohn

SOFIA, Bulgaria - Bulgaria has formally agreed to join the South Stream pipeline project, the last hurdle that needed to be cleared to deliver Russian gas to large parts of Europe.

Bulgaria also signed a new ten-year Russian gas-supply contract, which foresees a 20 per cent price cut from Jan. 1, Prime Minister Boiko Borisov said Thursday after signing the documents with Gazprom's CEO Alexei Miller.

The South Stream pipeline funded by Gazprom, Italy's Eni, France's EdF and Germany's Wintershall is due to start operating in 2015, bringing up to 63 billion cubic meters of gas annually to the Balkans, Austria and Italy.

The Bulgarian section of the pipeline will be 540 kilometres (335 miles) long and will cost 3.3 billion ($4.2 billion), the government said.


Comments


NOTE: To post a comment in the new commenting system you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Yahoo, OpenID. You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The Pipeline News North welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

blog comments powered by Disqus


About Us | Advertise | Contact Us | Sitemap / RSS   Glacier Community Media: www.glaciermedia.ca    © Copyright 2014 Glacier Community Media | User Agreement & Privacy Policy

LOG IN



Lost your password?