South Stream Bulgaria Retenders Contract for Local Pipeline Section

South Stream Bulgaria Retenders Contract for Local Pipeline Section

South Stream Bulgaria has retendered the contract for the construction of the local section of the South Stream gas pipeline.
The procedure was relaunched on the last working day of 2013, newspaper Capital Daily reported.
Bids can be placed until January 10.
This is the second time that South Stream Bulgaria opens a selection procedure for the construction of the pipeline. In November, local media reported that the company had received seven letters of interest, but did not make a pick, saying that it wanted to attract more qualified participants and would open a new procedure.
The Gazprom-spearheaded South Stream project aims to diversify gas routes within the European Union and to provide stable gas supplies from Russia to central and southern Europe. The onshore pipeline will connect Varna, on the Bulgarian Black Sea coast, with northern Italy via Serbia, Hungary and Slovenia. The Bulgarian section is estimated to cost 3.5 billion euro ($4.8 billion).
South Stream is planned to go live by the end of 2015 with a capacity of some 63 billion cubic metres per year.

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