Bulgaria Urged to Hurry with South Stream Decision

Business » ENERGY | June 20, 2010, Sunday // 10:58
Bulgaria: Bulgaria Urged to Hurry with South Stream Decision Up to now, Bulgaria has been a key country in the realization of the South Stream pipeline that must deliver Russian gas to Europe. Photo by wordpress.com

Participants in the fourteenth International Economic Forum, which ended in Saint Petersburg on Saturday, have reiterated calls on Bulgaria to hurry up with committing itself to the South Stream gas pipeline project.

The news comes days after Russian President Dmitry Medvedev and heads of energy companies involved in South and Nord Stream urged Bulgaria to speed up the process of coordination and making corporative decisions on the pipeline.

Recently statements by Bulgarian PM Boyko Borisov that Bulgaria would be pulling out from two other high-profile energy projects, involving Russia – the Belene NPP and the Burgas-Alexandrupolis oil pipeline – caused confusion and dismay in Russia.

Last week’s reports have suggested that Gazprom is already technically prepared to drop Bulgaria and to pick Romania for its South Stream gas transit pipeline project.

Macedonia is also set to become part of European energy corridors and in particular join the projected South Stream pipeline that will transfer gas from Russia to Southern and Central Europe.

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Tags: South stream, Bulgaria, Romania, Russia, macedonia, Gazprom

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