Gazprom: South Stream on Track in Bulgaria

Gazprom has announced that it is on track with the South Stream project on the Bulgarian section of the pipeline.

The announcement comes following a meeting at Gazprom's headquarters yesterday between CEO of Gazprom Alexey Miller and Bulgarian Minister for Energy Delyan Dobrev.

A statement from Gazprom yesterday afternoon that everything was coming together as planned, especially an agreement signed last month.

Through this agreement, the shareholders for South Stream Bulgaria AD approved an agreement to carry out the spatial planning, an environmental impact assessment and to prepare the project documents for the Bulgarian section of South Stream.

Bulgaria is one of the main transport countries for the South Stream project linking to the Russian compressor station Russkaya.

Gazprom and Bulgarian Energy Holding are equal partners in South Stream Bulgaria AD with a 50 per cent stake each.