Russia's gas giant Gazprom signed a deal with Bulgarian Energy Holding (BEH) on establishing a South Stream Bulgaria AD joint venture by the end of the year to oversee the construction of the Bulgarian section of the South Stream pipeline.
The South Stream project, in which Russia, Bulgaria and Greece are partners, stipulates the construction of a 300-kilometer pipeline from Burgas on the Bulgarian Black Sea coast to Alexandroupolis on the Greek Aegean Sea coast. The pipeline, which is considered a rival to the EU-backed Nabucco, is scheduled for launch in December 2015.
SOFIA, November 13 (RIA Novosti)
