Oil and Gas projects in Russia

South Stream Pipeline Project

Description

South Stream was a four-string, 63 bcm gas pipeline which would have connected Russian supplies with markets in southern Europe via the Bulgarian Black Sea coastline. It was cancelled in 2014 amid outrage at the Russian annexation of Crimea and concerns over its influence in Bulgaria, however, Moscow has since indicated the project may be back on the table.

Recent Updates

  • 11 June 2018 - Bulgaria wants to rekindle the South Stream project, four years after the previous plan was abandone...
  • 10 March 2017 - Bulgarian, Hungarian and Russian officials all suggested in February that South Stream could still c...
  • 15 July 2015 - Gazprom has cancelled a contract with Italian oil services group Saipem to build the first line of a...

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