Bulgaria, Russia agree on South Stream project issues.

By bne IntelliNews July 7, 2010
Bulgaria and Russia have agreed on all issues concerning the construction of the South Stream pipeline for natural gas transit from Russia to Southeast and Central Europe and Italy, at a meeting between PM Boyko Borisov and Russian deputy PM Viktor Zubkov in Sofia, the council of ministers said on its website. Borisov said that the road map of the project will be harmonized by Thursday this week. Viktor Zubkov promised the gas supplies to Greece and Turkey to be delivered through the already existing network, while the new pipeline will be used for supplies to Serbia and Western Europe. Zubkov denied the previously rumoured intentions of Russia to use the existing network on the territory of the country without building new facilities. Gas supplies under the project will start from the Beregovaya compressor station in Russia and will reach Bulgaria through the Black Sea. The pipeline network on the territory of the country will have two extensions to Serbia and Greece. The total investment is to reach EUR 25bn as compared to the initial plans of EUR 10bn. The capacity of the project gas pipeline was raised to 63bn cubic metres per year from 31bn cubic metres.

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