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

Business » ENERGY | July 3, 2014, Thursday // 13:17| Views: | Comments: 2
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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.

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Tags: Stroytransgaz, Centrgaz, Gennady Timchenko, South stream, sanctions, infringement procedure, EU Commission
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» To the forumComments (2)
sa-sha - 4 Jul 2014 // 11:57:27

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

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 ?

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