Gazprom, Bulgaria reach South Stream pipeline agreement

OAO Gazprom and Bulgarian Energy Holding EAD signed a protocol defining the South Stream natural gas pipeline’s entry point into the Bulgarian gas transmission system, its parameters, and further development of the project. The companies also agreed to reach a final investment decision on the project by Nov. 15.

Gazprom and Bulgarian Energy Holding also formalized earlier gas supply agreements between Russia and Bulgaria promoting an increase in gas off-takes under existing contracts. Gazprom reports supplying Bulgaria with 2.81 billion cu m (bcm) of natural gas in 2011.

South Stream, which is expected online in 2015, will transport as much as 63 bcm/year of gas across the Black Sea via two legs: the first from Russia to Bulgaria, Serbia, Hungary, Slovenia, Austria, and Italy; and the second to Croatia, Macedonia, Greece, and Turkey. Turkey granted Gazprom permission to build and operate the pipeline in Turkish waters earlier this year (OGJ Online, Jan. 9, 2012).

The offshore section of South Stream will extend 900 km between Russkaya compressor station on the Russian coast and Bulgaria, reaching water depths of 2,000 m. Routing will cross the exclusive economic zones of Russia, Turkey, and Bulgaria.

Contact Christopher E. Smith at chriss@ogjonline.com.

Related Articles

AMP files FERC request for abandonment of Midla Pipeline

04/03/2014 American Midstream Partners LP (AMP) has filed a request with the US Federal Energy Regulatory Commission to abandon use of its 1920s vintage Midla...

Cheniere, Endesa sign Corpus Christi LNG deal

04/02/2014 Corpus Christi Liquefaction LLC, a subsidiary of Cheniere Energy Inc., has signed an LNG sale and purchase agreement (SPA) with Spanish multination...

Senate Republicans introduce energy amendment to jobs bill

04/02/2014 Three Republican members of the US Senate Energy and Natural Resources Committee introduced legislation that would approve the Keystone XL crude oi...

East Timor not entitled to Bayu-Undan gas pipeline tax, Australia warns

04/01/2014 The Australian government has written to East Timor to warn that the East Timorese are not entitled to tax the natural gas pipeline from the Bayu-U...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected