Black Sea crossing: for the South Stream system
Eni and Gazprom sign South Stream deal
Italy’s Eni and Russia’s Gazprom have signed a Memorandum of Understanding for the realisation of South Stream, a new gas pipeline system that will link Russia to Europe across the Black Sea.
The agreement is for the implementation of a technical and economic feasibility study of the project and for the necessary political and regulatory evaluations.
It will also establish cooperation guidelines between the two companies for planning, financing, constriction and technical and commercial management of the pipelines.
In its offshore section, the South Stream will cross the Black Sea from the Russian coast of Beregovaya to the Bulgarian coast, with a 900-kilometre pipeline reaching a maximum water depth of more than 2000 metres.
For the onshore section, two different routes from Bulgaria are currently being studied: a route towards north-west and one towards south-west.