http://www.nytimes.com/2008/01/19/world/europe/19bulgaria.html?ref=businessJanuary 19, 2008
Pipeline Cements Russia’s Hold on Europe’s Gas Supply
By MATTHEW BRUNWASSER and JUDY DEMPSEY
SOFIA, Bulgaria — Russia strengthened its grip on Europe’s energy supplies on Friday as it signed a major gas deal with Bulgaria that analysts said would further undermine the European Union’s attempts to diversify its energy sources.
Under the agreement, the $15 billion South Stream pipeline will be built under the Black Sea, allowing Russia to send natural gas directly to Europe through Bulgaria and bypassing Turkey, which has been a crucial transit route for Russia’s gas exports to European markets.
The pact, signed by President Vladimir V. Putin of Russia and his Bulgarian counterpart, Georgi Parvanov, was sealed after late-night negotiations with Gazprom, Russia’s state-owned energy monopoly.
Mr. Putin and Mr. Parvanov also signed an agreement for the construction of a nuclear power plant, the first Russian one to be built in a European Union country. Construction began in the 1980s but was halted in 1990. Planning for the project was revived in 2003.
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