South Stream and European energy security
29.01.2010 Gazprom and MFB create South Stream Hungary Zrt joint venture company
13.01.2010 Gazprom Administration establishes new Department to coordinate South Stream project execution
The South Stream project is aimed at strengthening the European energy security. It is another real step toward executing the Gazprom strategy to diversify the Russian natural gas supply routes. The new gas pipeline system meeting the latest environmental and technological requirements will significantly raise the energy supply security of the entire European continent.63 billion cubic meters per annum – pipeline’s design capacity.
The project provides for South Stream’s offshore section to run under the Black Sea from the Russian coast (Beregovaya compressor station) to the Bulgarian coast. Two possible routes are under review for South Stream’s onshore section from Bulgaria – one, northwestwards and the other, southwestwards.