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Bulgarian Energy Holding Puts Off Gazprom Loan on South Stream

The Bulgarian Energy holding surprisingly decided to postpone a decision whether to receive a EUR 620 M from Gazprom for the construction of the South Stream pipeline.

BEH had planned to boost the capital of South Stream Bulgaria (a joint venture of the holding and Russian energy concern Gazprom) with the funds.

Direct damage to infrastructure EUR 275.9 million

BELGRADE - The Serbian parliament's committee on spatial planning, transport, infrastructure and telecommunications adopted on Friday the government report on May floods, which reads that the direct damage to infrastructure network is estimated at EUR 275.9 million while the extent of indirect damage is still being assessed.

Bulgaria's South Stream Construction Price Could Soar - Report

The Bulgarian stretch of the South Stream gas pipeline could go beyond USD 5.86 B previously estimated, a Russian daily argues.

Vedomosti bases its conclusions on the announcement made this week that the section to be built in neighboring Serbia will be worth USD 2.1 B, or 23.5% more than the expected price.

Contract for South Stream construction through Serbia signed

BELGRADE - Companies South Stream Serbia and Centar Gas from Russia signed the Contract on the construction of the Serbian section of the main South Stream gas pipeline to the total value of EUR 2.1 billion.

The contract was signed by co-directors of South Stream Serbia Dusan Bajatovic and Aleksandar Siromjatin and Director General of Centre Gas Stanislav Anikeyev on Tuesday.