Stroytransgaz

Russia's Stroitransgaz said on March 12 it will build a gas pipeline across Macedonia, which could eventually be used as part of a route to supply Europe with Russian gas via Turkey.

Russian company Stroytransgaz will start building a gas pipeline in Macedonia that would link the Balkan country's gas network system to neighbouring Greece.

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.

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.

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.

Bulgaria's political leaders will insist that Europe continue talks with Russia over the South Stream gas pipeline on the European Council starting in Brussels Thursday.

The article is from Deutsche Welle

Bulgaria has yielded to pressure from Europe and indefinitely halted work on the Russian gasline project South Stream. But experts believe the decision may do more harm than good for the government in Sofia.

Juergen Roth, one of Germany's most renowned publicists and investigative journalists, shared with Novinite his observations on Europe's approach to South Stream.

In an exclusive interview for Dnevnik.bg, US ambassador to Bulgaria Marcie Ries said the US were concerned with the construction of the Bulgarian stretch of South Stream.

According to recent reports, the Bulgarian stretch of the pipeline will be built by the Russian Stroytransgaz consortium.