Gazprom: Bulgaria needs measures to keep South Stream on track.

By bne IntelliNews May 17, 2010
Russian gas major Gazprom said that Bulgaria should adopt organisational and administrative measures to keep its participation in the South Stream project in line with the envisaged schedule, Gazprom spokesperson Sergey Kupryanov told a press conference in Sofia. He also said that support from the Bulgarian authorities was needed to speed the project. In addition, the announced intentions of the cabinet to disband the state-run Bulgarian Energy Holding, which is in charge of the project on the part of Bulgaria, raised uncertainties as it was not clear which company would take over. The South Stream project envisages the construction of a pipeline for natural gas transit from Russia to Southeast and Central Europe and Italy with the first supplies starting in 2015. 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 initial 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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