Bulgaria Signs South Stream, Gas Supply Accords With Russia

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Bulgaria signed an investment agreement with OAO Gazprom, Russia’s gas export monopoly, to build the South Stream pipeline, which will ship natural gas across the Black Sea and Bulgaria to Europe.

Bulgaria also signed a new long-term gas-supply contract, which involves a 20 percent price cut from Jan. 1, Prime Minister Boyko Borissov told reporters in Sofia today.