Gazprom

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.

President Vladimir Putin of Russia has confirmed that he will visit Serbia on October 19 for the 70th anniversary celebration of the Soviet Red Army's liberation of Belgrade at the end of the Second World War.

South Stream puts Serbia in conflict with EU

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.

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.

Russian energy concern Gazprom's filial Centrgaz is considering whether to set up an office in Bulgaria, a company message quoted by agencies reveals.

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.

Contract signed to build South Stream in Serbia

BELGRADE -- South Stream Serbia and Russia's Centrgaz on Tuesday signed a contract on building the section of the South Stream pipeline through the Serbian territory.

“South Stream is very important for Bulgaria and south-eastern Europe,” Bulgarian Foreign Minister Kristian Vigenin said after talks with his Russian counterpart Sergei Lavrov in Sofia on Monday.