Chairperson of Russia’s gas major Gazprom Alexey Miller said that the first deliveries under the South Stream project, envisaging the construction of a pipeline for natural gas transit from Russia to Southeast and Central Europe and Italy, should be expected at the end of 2012, investor.bg reads. The feasibility studies have been prepared and the analysis shows that the project is economically effective and technically feasible. The next step will be the preparation of the project documents. Gas supplies under the South Stream project will start from the Beregovaya compressor station in Russia and will reach Bulgaria through the Black Sea. The pipeline network on the territory of the country will have two extensions to Serbia and Greece. The total investment is to reach EUR 25bn as compared to initial EUR 10bn. The capacity of the project gas pipeline was raised to 63bn cubic metres per year from 31bn cubic metres.