The Russian and Italian energy companies Gazprom and Eni signed a memorandum of understanding to build the South Stream pipeline.

South Stram will transport natural gas from Russia to EU countries.

The project will employ undersea and overland pipelines, with the offshore section spanning 900km from Beregovaya on the Russian coast, underneath the Black Sea, to Varna on the Bulgarian coast. 

Two land routes are under consideration. One runs northwest from Bulgaria and the other will be located to the southwest. A feasibility study is planned to determine the pipeline’s transmission capacity.