KEYWORDS TODAY:   BSPRESIGNATIONKTB

HOT: » Outgoing Parliament Speaker Mihail Mikov to take over from Sergey Stanishev as Chairman of the Bulgarian Socialist Party

'Gazprom Subsidiary' in Construction of Bulgaria's South Stream

Business » ENERGY | July 3, 2014, Thursday // 13:17| Views: 1244 | Comments: 2
  • Send to Kindle
Bulgaria: 'Gazprom Subsidiary' in Construction of Bulgaria's South Stream Photo by BGNES

Centrgaz, a subsidiary of Gazprom, could step in the construction of the South Stream pipeline's Bulgarian stretch, according to a Russian daily.

Vedomosti's website reports that Centrgaz, which has not fallen under EU or US sanctions over the Ukraine crisis, has already won the tender for South Stream in Bulgaria's western neighbor Serbia.

Alongside Stroytransgaz, where blacklisted businessman Gennady Timchenko is the major shareholder, Centrgaz is also expected to be among subcontractors in Bulgaria, Vedomosti argues.

The daily alleges that the decision for Serbia is to be officially announced within days, but its sources do not reveal what role might Centrgaz play in Bulgaria.

It outlines two scenarios regarding South Stream Bulgaria, saying Centrgaz could either replace Stroytransgaz as subcontractor (as it is not sanctioned) or take part in a new tender.

In June, the EU Commission launched an infringement procedure against Bulgaria over non-compliance of South Stream with EU rules and also with the Third Energy Package.

The US, for its part, has voiced its concerns that Stroytransgaz is to build the pipeline despite sanctions on Gennady Timchenko announced by the White House.

Energy » Be a reporter: Write and send your article
Tags: Stroytransgaz, Centrgaz, Gennady Timchenko, South stream, sanctions, infringement procedure, EU Commission
Expats.bg All Are Welcome! Join Now!

Leave a comment


» To the forumComments (2)
#2
sa-sha - 4 Jul 2014 // 11:57:27

...;-)...American Exceptionalism obliges

#1
EDC - 4 Jul 2014 // 09:38:43

WHAT has this got to do with the USA ?
again they are interfering with something that has nothing to do with them it is their way of disrupting anything connected with Russia regardless of the consequences to the people of Europe .
Europe needs a fuel supply and Russia can provide it without the cost of Shipping / Transport issues the USA want everything their way and yes will provide a supply but at what COST as it would have to be SHIPPED ?

Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria