Gazprom to assess Romanian route for South Stream gas pipeline.

By bne IntelliNews October 14, 2010
Gazprom and Romania signed a memorandum of understanding for the conduct of technical and economic feasibility studies of a stretch of the South Stream gas pipeline through Romania, it emerged during the visit of Gazprom president Alexei Miller to Bucharest. The project, at an estimated cost of EUR 7.9bn, can be safely financed, Miller stated. South Stream is designed to bring 63bn m3 of gas to southern and eastern Europe - which is double the price of the EU-backed Nabucco project. The South Stream construction works should start in 2013 and the first deliveries are scheduled for 2015. Romania has already expressed its interest in the project and rumours about the country competing with Bulgaria for the partnership with Gazprom have been circulating in the local media.

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