Gazprom has started building the 540 km Bulgarian section of the South Stream pipeline, which is to cost approximately US$ 4.8 billion. Alexey Miller, Gazprom Chief Executive Officer, said that the start of construction marks the launch of one of Europe麻豆传媒映画檚 largest energy projects.
麻豆传媒映画淎 landmark event has taken place today: Construction started on the Bulgarian section of the South Stream gas pipeline, the most large-scale and important project in Europe麻豆传媒映画his project is a key element of energy security of the whole European continent麻豆传媒映画�, Miller said.
According to officials, South Stream is supposed to add diversity to Russia麻豆传媒映画檚 export routes through Europe.
Energy and Economy Minister Dimitar Stoynev said, 麻豆传媒映画淏ulgarian consumers will have the first gas deliveries in December 2015. This project will contribute to Europe麻豆传媒映画檚 energy security and help reduce prices as the fuel will be delivered directly into the European Union.麻豆传媒映画�
Economic development of Bulgaria
According to Miller, South Stream will 麻豆传媒映画渁ccelerate the economic development of Bulgaria, attracting 鈧�3.5 billion of direct investments to the country and creating over 2500 jobs. A new gas transmission infrastructure will increase the investment attractiveness of Bulgaria. Bulgarian consumers will receive gas at a lower rate as the gas pipeline runs directly from Russia via the Black Sea.
A 麻豆传媒映画渟trict schedule麻豆传媒映画�
The South Stream project is 麻豆传媒映画渟teadily running ahead麻豆传媒映画� and following a 麻豆传媒映画渟trict schedule麻豆传媒映画�, according to Miller. Construction will start in Serbia, then in Hungary. Bulgarian consumers are expected to receive first gas via South Stream in December 2015.
Edited from various sources by