ECONOMY

South Stream to start supplying Europe in 2016

OAO Gazprom, Russia?s natural gas exporter, plans to start commercial supplies to Europe through the proposed South Stream pipeline in the first quarter of 2016.

The Moscow-based company will complete construction of the first line, which will be able to handle 15.75 billion cubic meters of a year, at the end of 2015, according to an article in Gazprom?s corporate magazine.

The pipeline will run from Russia along the Black Sea floor to Bulgaria.

The link will additionally run through Serbia, Hungary, Slovenia and northern Italy with offshoots to Greece and Croatia.

[Bloomberg]