Bulgaria Awaits EU Nod To Resume South Stream Work

Posted by Joseph R. Fonseca
Sunday, June 08, 2014
Prime Minister Plamen Oresharski

 

Bulgaria will not resume work on the Russian-led South Stream gas pipeline project until it receives the all clear from the European Commission, Prime Minister Plamen Oresharski said on Sunday.

In a move that could inflame tensions between Russia and the European Union, the 28-nation bloc's executive arm last week asked the Balkan country to suspend work on Gazprom's South Stream project pending a decision on whether it complies with EU law.

The pipeline is being built to transport 63 billion cubic metres of gas per year under the Black Sea through Bulgaria to central and southern Europe, bypassing Ukraine, as Russia seeks to cement its position as Europe's dominant gas supplier.

Bulgaria is the EU's poorest member and almost wholly dependent on Russian gas, but Prime Minister Oresharski said it would comply with the European Commission's request.

"We discussed the South Stream issue and the European Commission request," Oresharski told reporters after meeting U.S. senators in Sofia on Sunday, adding that Bulgaria will continue work on the project only after the EU's concernes have been resolved.

U.S. ambassador to Bulgaria Marcie Ries said on Friday that the United States was deeply concerned by Bulgaria's choice of Russia's Stroytransgaz, a consortium owned by sanctions-hit businessman Gennady Timchenko, to build the Bulgarian section of the pipeline.

State-controlled Russian gas exporter Gazprom is pushing ahead with the $40 billion project despite Western sanctions against Moscow over the Ukraine crisis.

A spokesman for the Russian energy ministry said that Moscow has not received any official notification from Sofia that Bulgaria has suspended the work on the project.

"We are planning to bring up the issue during our talks tomorrow with (EU Commissioner Guenther) Oettinger," the spokesman said.

Ukraine, Russia and European Commission officials meet in Brussels on Monday evening to continue talks how to resolve a dispute over gas prices.

(Reporting by Angel Krasimirov; Additional reporting by Lidia Kelly and Vladimir Soldtakin in Moscow; Editing by David Goodman)

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Energy

Autonomous Technology for Offshore Wind Farm

ASV Ltd in association with Planet Ocean Ltd, have received funding from the GROW:OffshoreWind initiative to investigate how the use of Autonomous Surface Vehicles

BHP Bullish on Caval Ridge's Prospects

Yesterday BHP Billiton Coal President, Dean Dalla Valle, was joined by the Hon. Tony Abbott MP, Prime Minister of Australia, and joint venture partner Mitsubishi in a ceremony to open the US$3.

Vice Presidents Rejig at Caterpillar Inc

Following the previous announcement regarding two group presidents’ retirements and new responsibilities for another group president, Caterpillar Inc. (NYSE: CAT)

News

Rolls-Royce to Design, Equip Stern Trawler for Ramoen

The Armon shipyard in Gijón, Spain has entered into a contract to build a new Stern Trawler for the Norwegian fishing company Ramoen. The vessel will be a Rolls-Royce design,

Frontline appoints Macleod as new CEO

Crude oil tanker firm Frontline, part of shipping tycoon John Fredriksen's business empire, appointed Robert Hvide Macleod as chief executive to replace Jens Martin Jensen, the firm said on Monday.

Autonomous Technology for Offshore Wind Farm

ASV Ltd in association with Planet Ocean Ltd, have received funding from the GROW:OffshoreWind initiative to investigate how the use of Autonomous Surface Vehicles

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1304 sec (8 req/sec)