MOSCOW – Shareholders of South Stream Transport B.V. have confirmed a decision to build four offshore gas trunklines with throughput capacity of 63 bcm/yr (2.22 tcf/yr).
TheSouth Stream project will take gas from Russian onshore fields through the southern part of the Black Sea to southern and central Europe.
The 900-km (559-mi) Black Sea section will run from the Russkaya compressor station on the Russian coast to the Bulgarian coast. Maximum water depth along the route will be more than 2,000 m (6,562 ft).
Gazprom has a 50% stake in the project, with Eni holding 20%, and Wintershall and EDF 15% each.
Last December, construction started of theonshore section near Anapa in Russia’s Krasnodar Territory. The first string of the offshore gas pipeline is due to be commissioned in late 2015.