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Dr. Oleg Aksyutin Appointed CEO of South Stream Transport
+ + + The South Stream Pipeline Project through the Black Sea (the “Project”) is the offshore component of the South Stream Pipeline System which will increase direct supply of natural gas from Russia to Central and South-Eastern Europe as it creates a new supply route and provides additional capacity. The Project will contribute to European energy security in a safe, reliable and environmentally responsible way and will help the EU member states meet their CO2 reduction targets. The South Stream Offshore Pipeline will have a length of approximately 930 km. It will connect the world’s largest natural gas reserves in Russia with consumers in the European Union. The South Stream Offshore Pipeline will originate on the Russian Black Sea shore in the area of Anapa, cross the Turkish Exclusive Economic Zone in the Black Sea and land on the Bulgarian coast near Varna. Commercial operations are scheduled to start by the end of 2015. When fully operational, the South Stream Offshore Pipeline will consist of four pipeline strings and reach an annual capacity of 63 billion cubic metres
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