Gazprom CEO Announces Start of South Stream in Bulgaria
As expected, the Russian-sponsored South Stream gas pipeline project has topped the agenda of talks between the CEO of Russian energy giant Gazprom, Alexei Miller, and Bulgaria's Prime Minister Plamen Oresharski.
The two spoke at a joint briefing after the meeting Thursday afternoon.
"Today we start the construction of the Bulgarian section of the pipeline South Stream - this is a glorious event," said Miller
He stressed South Stream was the most important part of energy security of Europe as supplies will go directly to Bulgaria, respectively to the European Union. The direct delivery would also reduce the price of gas for Bulgaria, according to him.
Miller confirmed that the first delivery of natural gas in Bulgaria via South Stream will happen in December 2015.
"Today we can give the symbolic start of a very important for Russia, Bulgaria and Europe project - South Stream. This is the largest project undertaken in our territory. The Bulgarian government will assist in the realization of this project," said Oresharski.
He explained the basic parameters of the project were further defined at the meeting.
"The Bulgarian side will not invest even a penny and the parameters are set so that they are profitable for Bulgaria," added the PM.
Opponents of the project, however, insist it is not true the pipeline will be of no cost to Bulgaria because under the clauses of the contract, the country will not receive any money from transit fees for 15 years and all revenues generated by the gas pipeline during the period would go to Gazprom.
- » Bulgarian Energy Regulator Chief Calls it Quits over Stress
- » Bulgarian Energy Regulator Chief Resigns - Report
- » Bulgaria Energy Min to Meet Oettinger over South Stream
- » Bulgaria PM: Current Govt Not to Blame for South Stream Issues
- » Bulgarian Socialists Breaking Belene NPP Promise, Says Ex-IM
- » Bulgarian MPs Mull Tax on All Types of Electricity Producers