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'Gazprom Subsidiary' in Construction of Bulgaria's South Stream

Centrgaz, a subsidiary of Gazprom, could step in the construction of the South Stream pipeline's Bulgarian stretch, according to a Russian daily.

Vedomosti's website reports that Centrgaz, which has not fallen under EU or US sanctions over the Ukraine crisis, has already won the tender for South Stream in Bulgaria's western neighbor Serbia.

Gazprom Rejects 'OMV Deal' Reports

Russian Gazprom does not plan to buy a 1/4 share in Austrian oil and gas company OMV, Gazprom Deputy CEO Alexander Medvedev said Friday.

Medvedev thus refuted earlier claims that the state-owned energy concern was eyeing 24.9% of OMV and was in talks with the International Petroleum Investment Co (IPIC) in Abu Dhabi to purchase them.

Gazprom, OMV Sign Deal on South Stream Austria amid Putin Visit

Russian concern Gazprom struck Monday an agreement with oil and gas company OMV on the construction of Austria's stretch of the South Stream gas pipeline.

The agreement was signed on Tuesday, the day of a visit by Russian President Vladimir Putin to Vienna where he meets Austrian counterpart Heinz Fischer.

Russia and Austria set up joint South Stream company

Russia and Austria set up joint South Stream company

VIENNA -- Russia and Austria have agreed on a joint company to construct the Austrian arm of the USD 45 billion South Stream gas pipeline project, is reporting.

The pipeline will deliver 32 billion cubic meters of Russian gas to the country, bypassing Ukraine.