Tweet
RUSSIA, BULGARIA INK 10-YEAR GAS SUPPLY DEAL
November 15, 2012 - 20:23 AMT
PanARMENIAN.Net - Russia's energy giant Gazprom and Bulgaria's largest
natural gas distribution company Bulgargaz signed on Thursday, November
15 a new contract on the delivery of Russian gas to Bulgaria for the
period until 2022, RIA Novosti said.
The deal was signed during a working visit by Gazprom CEO Alexei
Miller to Bulgaria.
The document envisions annual supplies of 2.9 billion cubic meters of
natural gas initially via "a traditional gas transportation route," and
via the future South Stream gas pipeline after it becomes operational.
Gazprom delivered 2.81 billion cubic meters of natural gas to Bulgaria
in 2011.
The signing of the new contract comes shortly after Russia and Bulgaria
inked a final deal on Thursday to build the Bulgarian stretch of the
South Stream gas pipeline project to bring Russian natural gas to
Europe along the Black Sea seabed bypassing transit countries.
The offshore section of the South Stream gas pipeline will run under
the Black Sea from the Russkaya compressor station to the Bulgarian
coast. The total length of the Black Sea section will exceed 900
kilometers (559 miles) and its maximum depth will be more than two
kilometers (1.24 miles).
Following Russian President Vladimir Putin's orders, Gazprom has
accelerated the South Stream pipeline's construction schedule, with
work now to begin before the end of 2012.
The pipeline's commercial deliveries of natural gas to Europe are
expected to start in the first quarter of 2016 and the project is
set to reach its designed capacity of 63 billion cu m in 2018. The
project's cost, including the pipeline's overland sections, is
estimated at 16 billion euros ($20 billion).
0
From: Baghdasarian
November 15, 2012 - 20:23 AMT
PanARMENIAN.Net - Russia's energy giant Gazprom and Bulgaria's largest
natural gas distribution company Bulgargaz signed on Thursday, November
15 a new contract on the delivery of Russian gas to Bulgaria for the
period until 2022, RIA Novosti said.
The deal was signed during a working visit by Gazprom CEO Alexei
Miller to Bulgaria.
The document envisions annual supplies of 2.9 billion cubic meters of
natural gas initially via "a traditional gas transportation route," and
via the future South Stream gas pipeline after it becomes operational.
Gazprom delivered 2.81 billion cubic meters of natural gas to Bulgaria
in 2011.
The signing of the new contract comes shortly after Russia and Bulgaria
inked a final deal on Thursday to build the Bulgarian stretch of the
South Stream gas pipeline project to bring Russian natural gas to
Europe along the Black Sea seabed bypassing transit countries.
The offshore section of the South Stream gas pipeline will run under
the Black Sea from the Russkaya compressor station to the Bulgarian
coast. The total length of the Black Sea section will exceed 900
kilometers (559 miles) and its maximum depth will be more than two
kilometers (1.24 miles).
Following Russian President Vladimir Putin's orders, Gazprom has
accelerated the South Stream pipeline's construction schedule, with
work now to begin before the end of 2012.
The pipeline's commercial deliveries of natural gas to Europe are
expected to start in the first quarter of 2016 and the project is
set to reach its designed capacity of 63 billion cu m in 2018. The
project's cost, including the pipeline's overland sections, is
estimated at 16 billion euros ($20 billion).
0
From: Baghdasarian