Gazprom, Bulgaria to Build Pipeline

Bloomberg reported that Gazprom has signed an agreement with Bulgaria to build a pipeline that will transport gas through the Black Sea through to Bulgaria.

As quoted in the market report:

The Bulgarian section of the pipeline, which will run through Serbia, Hungary, Slovenia and northern Italy with offshoots potentially to Greece, Croatia, Montenegro and Macedonia, will be 540 kilometers (335 miles) long and will cost 3.3 billion euros ($4.2 billion), according to the government.

To view the whole Bloomberg report, click here.