Natural gas is the most climate-friendly fossil fuel; and it is both efficient and abundant. Yet while European demand for gas is rising, domestic production is declining, due to dwindling European reserves. The International Energy Agency projects annual gas demand in Europe to grow by 15% between 2010 and 2035. Within the same time period, production in Europe will decrease by more than 50%.1 Therefore, the region needs additional gas supplies and reliable supply routes to secure its energy for the coming decades. The South Stream Offshore Pipeline is scheduled to deliver first gas to Europe by the end of 2015.

1. SOUTH STREAM OFFSHORE
PIPELINE
An Economic Engine fro Bulgaria
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2. Environment First:
Environmental and
Social Impact
The Environmental and Social
Impact Assessment (ES IA) is
part of the planning process
undertaken in 2012 and 2013.
The ES IA ensures that
environmental and social
performance standards are
achieved to enhance positive
impacts and avoid or mitigate
adverse impacts of the Project.
Construction and operation
of the pipeline will be
supported by an
Environmental and Social
Management Plan which is
developed during the ES IA.
Key aspects to be addressed during the
assessment include:
Impacts of the offshore pipeline on the
Black Sea marine environment.
• Impacts on the coastal environment at
landfall sections
• Impacts on the terrestrial flora, fauna and
habitats around the landfall sections of the
pipeline
• Disturbance caused by the construction
works (noise and vibration)
• Impacts (both positive and adverse) on
the socio-economic conditions
• Impacts to terrestrial and marine cultural
heritage
• Planning and management of work force
as well as health, safety and emergency
actions
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3. Supporting
ECOnomy
The South Stream
Offshore Pipeline
through the Black Sea
will have an investment
budget of several billion
Euros, financed by
private investors. This
long-term investment will
support economic
growth in the Black Sea
region, and across
Central and SouthEastern Europe
Providing long term
solution for consumers
and industries.
Project will create 600
Jobs in bulgaria.
Attract investment from
leading European energy
companies.
02% GDP Growth is
expected, biggest of its kind
EUR 2.5 B will be
secured by 2040
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4. The Product-
NATURAL GAS
Natural gas is the cleanest burning fossil fuel. It provides a consistent, low carbon
energy supply that is the ideal back-up to renewable energy sources. For Europe,
these benefits mean natural gas is increasingly important. Not only can it provide the
support needed for renewable energy, but due to its low carbon emissions it also
counts towards the EU 2020 environmental targets.
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5. EPC: South
Stream Transport
B.V.
South Stream Transport B.V. is
an international joint venture
established for the
planning, construction, and
subsequent operation of the
offshore gas pipeline through
the Black Sea. The four
shareholders of the South
Stream Transport consortium
are OAO Gazprom (50%), Eni
S.p.A. (20%), EDF (15%), and
Wintershall Holding GmbH
(15%) – a BASF subsidiary.
The South Stream Offshore
Pipeline is a genuine
European Project based on
parity between European and
Russian partners.
South Stream Transport B.V.
Russian OAO Gazprom
Italian Eni S.p.A.
EDF
German Wintershall Holding GmbH
15%
15%
50%
20%
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6. FACTS ABOUT THE
SOUTH STREAM OFFSHORE
PIPELINE
Approximately 931 kilometres long, on the bottom of the Black Sea
Maximum depth of 2,250 metres
It will consist of 4 pipelines, each supplying 15.75 billion cubic
metres of natural gas per year
Total transportation capacity: 63 billion cubic metres of natural gas
per year
Diameter per pipeline is 32 inches
Each pipeline will be made up of 12-metre long segments
Total number of pipe segments per line is approximately 75,000
Final Investment Decision taken in November 2012
Commercial operations (first line) are planned to start at the end of
2015
Achievement of full capacity is planned for the end of 2017
The pipeline has a minimum design life of 50 years
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7. Beyondwere signed withshore
the Off
Intergovernmental agreements
Bulgaria, Serbia, Hungary, Greece, Slovenia, Austria and
Croatia in order to implement the onshore gas pipeline section. These
agreements stipulate preparation of the FS for South Stream construction in
the project host countries, as well as creation of joint ventures between
Gazprom and national energy companies authorized for the gas pipeline
construction.
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8. Beyond the Offshore
Onshore section
Austria — South Stream Austria Gmbh
– Shareholders: Gazprom (50%), OMV (50%)
Bulgaria — South Stream Bulgaria AD
– Shareholders: Gazprom (50%), Bulgarian Energy Holding (50%)
Croatia — joint venture being set up
– Partners: Gazprom, Plinacro
Greece — South Stream Greece S.A.
– Shareholders: Gazprom (50%), DESFA (50%)
Hungary — South Stream Hungary Zrt
– Shareholders: Gazprom (50%), Magyar Villamos Művek (MVM) (50%)
Serbia — South Stream Serbia AG
– Shareholders: Gazprom (51%), Srbijagas (49%)
Slovenia — South Stream Slovenia LLC
– Shareholders: Gazprom (50%), Plinovodi (50%)
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