Russian Energy Minister: We Will Proceed with South Stream
Russia’s Energy Minister Aleksander Novak revealed that the South Stream gas pipeline project is moving forward.
“Russia continues realizing the project in compliance with the intergovernmental agreements. The work cannot be suspended”, Novak said, quoted by ITAR-TASS.
The statement comes a day after the European Parliament adopted a resolution for halting the South Stream construction and revising agreements on the project with Russia.
Nonetheless, Novak confirmed that Russia will continue its consultations with the European Commission in order to reach a mutual agreement on the pipeline.
Bulgaria is one of the countries affected by this, as the pipeline is set to pass through its territory. The country could face EU fines over a recent amendment passed in Parliament, which gives the Bulgarian section of South Stream the status of “interconnector”, which excludes it from European legislation.
- » Bulgaria to Present Balkan Gas Hub Options Next Week
- » CGN shows interest in Bulgaria's Belene Project
- » Bulgaria, Azerbaijan to Discuss Expansion of Trade, Economic Links Next Month
- » Bulgargaz Proposes 3.4% Increase of Gas Price for Q4 2016
- » Bulgaria PM: Belene N-Plant Should Be Built Privately with State Help
- » South Stream, Turkish Stream Are No Rival Projects - Russia Energy Min