Middle East Economic Survey

VOL. LIII

No 47

22-Nov-2010

CASPIAN

Gazprom And BEH Establish South Stream JVC

Russias Gazprom and state firm Bulgarian Energy Holding (BEH) on 13 November signed in Sofia an agreement establishing a 50:50 joint venture company (JVC) to build, own and operate the Bulgarian section of the 63 bcm/year capacity South Stream gas pipeline. The deal was signed in the presence of Bulgarian Prime Minister Boyko Borisov and his Russian counterpart Vladimir Putin, who said...