Gazprom buys second half of gas project

Russian energy giant Gazprom has bought the second half of the cancelled South Stream gas pipe project. It bought the shares from Italian firm Eni (20%), German oil and gas producer Wintershall (15%) and French energy group EDF (15%), meaning Gazprom now owns 100% of the project. South Stream Transport is the company set up to build the offshore pipe branch […]

Turkey steps in on Russia’s Black Sea pipe switch

Russian energy firm Gazprom is forging new ties with Turkey, with plans to build a pipe under the Black Sea linking the countries. It’s in the place of another project which was routed through Eastern Europe called the South Stream. Ending in Italy after snaking through Bulgaria, Serbia, Hungary and Slovenia, the project had been under pressure from […]

Bulgaria stops building on South Stream gas pipe

Bulgaria has halted building on the South Stream gas pipeline until it resolves a dispute with Brussels. South Stream is a huge project to hook up Europe with Russian gas, with a pipe running from Russia’s Black Sea through Turkey to the Bulgarian coast. In Europe the gas pipeline will go through Bulgaria, Serbia, Hungary […]

South Stream pipeline gets 2012 start date

Gazprom wants to begin building the ‘South Stream’ pipeline in December, a year earlier than planned. The Russian energy firm has announced it is rapidly speeding up the project. Gazprom is touting the pipeline as a way of strengthening Europe’s energy security. It is designed to carry 63 million cubic meters of gas a year […]

Save €20bn by building pipeline through Ukraine, its President claims

Ukraine’s president made a public appeal for the South Stream gas pipeline to be run through his country. Viktor Yanukovych claimed the cost of building the pipeline through southern Ukraine would slash the project’s cost to €5 billion, according to Worldwide News Ukraine. At the moment, the transnational pipeline to link Russia and Europe is […]