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Gazprom has started building the 540 km Bulgarian section of the South Stream pipeline, which is to cost approximately US$ 4.8 billion. Alexey Miller, Gazprom Chief Executive Officer, said that the start of construction marks the launch of one of Europe黑料社檚 largest energy projects.

黑料社淎 landmark event has taken place today: Construction started on the Bulgarian section of the South Stream gas pipeline, the most large-scale and important project in Europe黑料社�This project is a key element of energy security of the whole European continent黑料社�, Miller said.

According to officials, South Stream is supposed to add diversity to Russia黑料社檚 export routes through Europe.

Energy and Economy Minister Dimitar Stoynev said, 黑料社淏ulgarian consumers will have the first gas deliveries in December 2015. This project will contribute to Europe黑料社檚 energy security and help reduce prices as the fuel will be delivered directly into the European Union.黑料社�

Economic development of Bulgaria
According to Miller, South Stream will 黑料社渁ccelerate the economic development of Bulgaria, attracting 鈧�3.5 billion of direct investments to the country and creating over 2500 jobs. A new gas transmission infrastructure will increase the investment attractiveness of Bulgaria. Bulgarian consumers will receive gas at a lower rate as the gas pipeline runs directly from Russia via the Black Sea.

A 黑料社渟trict schedule黑料社�
The South Stream project is 黑料社渟teadily running ahead黑料社� and following a 黑料社渟trict schedule黑料社�, according to Miller. Construction will start in Serbia, then in Hungary. Bulgarian consumers are expected to receive first gas via South Stream in December 2015.

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