Bulgaria to Continue Preparatory Works on South Stream Project - PM

Bulgaria to Continue Preparatory Works on South Stream Project - PM
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Δευ, 22 Δεκεμβρίου 2014 - 16:32
Bulgaria will proceed with the preparatory works for the construction of the South Stream gas pipeline and will issue the necessary permits, the Bulgarian government said on Friday quoting prime minister Boyko Borisov
Bulgaria will proceed with the preparatory works for the construction of the South Stream gas pipeline and will issue the necessary permits, the Bulgarian government said on Friday quoting prime minister Boyko Borisov.

"Bulgaria must carry out the preparatory works, especially for the offshore section of the pipeline, so as to give Russia no grounds to claim that Bulgaria is responsible for the project halt," Borisov was quoted as saying during a visit to Brussels. "Otherwise, they will take us to court and will take our money," he added.

On December 1 Russian president Vladimir Putin said Russia has abandoned plans to build the South Stream gas pipeline but is ready to build another pipeline system to Turkey instead. The construction of South Stream's offshore part cannot start as Bulgaria has not given its permission and Russia has been forced to reconsider its participation in the project, Putin further said at the time.

The Bulgarian authorities have still not been officially notified that the project has been cancelled.

On December 4 the president of the European Commission, Jean-Claude Juncker, said the legal issues on the implementation of the South Stream gas pipeline project are not insurmountable.

"We should do what is best for Bulgaria and best for Europe," Juncker said at the time following a meeting with Borisov. "South Stream can be built. Conditions have been clear since a long time."

In June, the Bulgarian government said it halted the construction of the gas pipeline on its territory until it complies with EU legislation, as it does not ensure liberalisation of the bloc's energy market.

The South Stream was planned to carry gas from Russia under the Black Sea, making landfall in Bulgaria and then continuing through Serbia and Hungary towards Austria.

The South Stream gas pipeline, spearheaded by Gazprom, was planned to carry gas from Russia to central and southern Europe via Bulgaria, Serbia, Hungary and Slovenia. The total value of the project was estimated at 16 billion euro ($19.7 billion). Commercial operation of South Stream was scheduled to start by the end of 2015 with the pipeline reaching its full capacity of some 63 billion cubic metres per year by 2017.

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