Putin Says Russia Dropping South Stream over EU Opposition

Business | December 1, 2014, Monday // 20:41| Views: | Comments: 8
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Bulgaria: Putin Says Russia Dropping South Stream over EU Opposition

Russia can't implement the South Stream project because of the European Commission's opposition to itRussian President Vladimir Putin said on Monday.

The project, designed to carry gas through a pipeline from Russia under the Black Sea to Bulgaria and further west to Europe, has been frozen by the European Commission which has said it violated EU energy legislation.

Russia is forced to withdraw from South Stream due to the EU’s unwillingness to support the pipeline, and gas flows will be redirected to other customers, Putin said at a joint news conference after talks with his Turkish counterpart, Recep Tayyip Erdogan, in Ankara.

"We believe that the stance of the European Commission was counterproductive. Well, if Europe doesn’t want it [South Stream project] implemented, it won’t be implemented,” the Russian president said.

He also suggested that Bulgaria demanded the EU to redeem its missed benefits relating to the South Stream project.

"Bulgaria would have received as direct budget revenue no less than EUR 400 M a year only from transit fees," Putin said. 

"Having in mind that we haven't yet received Bulgaria’s permission, we think Russia is unable to continue implementation of that project. I mean that now we have to launch construction of the pipeline section in the Black Sea. We can't begin the construction of the seabed section until we have received Bulgaria’s permission,”

In the current situation, Russia cannot launch South Stream but it is ready to build another pipeline to help Turkey meet its gas needs.

Russia is also ready to build an additional gas hub on Turkey's border with Greece.

"If this idea is considered to be expedient, we can create an additional gas hub for consumers in southern Europe on Turkish territory on the border with Greece,” said Putin, who is on a one-day state visit to Turkey.

"Both sides are working on turning the preliminary deal into a definite, finalised deal as soon as possible," Erdogan said at the news conference.

Putin also said Russia would increase gas supplies to Turkey by 3.0 billion cubic meters (bcm) through the operating Blue Stream pipeline to help Turkey's growing economy meet its gas needs.

Russia will also cut the gas price for Turkish consumers by 6% from January 1 next year, and is ready to decrease it further, Putin added, referring to Turkey as Russia's 'strategic partner'.

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» To the forumComments (8)
sa-sha - 26 Jan 2015 // 15:24:39

"Should we" !?---happy with life in the flock "we", Seedy-the sheep? What about "The individuals! How proud that sounds!" Not for You?

"All I could understand"---in order to understand, dear Seedy Peed-y, You ought to try to overcome the "Russia is Evil" unconditioned reflex, to open both eyes and to leave the flock "we". Simple.

"poor Ivan, suffering yet again under..."---poor Seedy, still "sitting under a majestic cranberry" (*)
(*) the idiom "majestic cranberry" is used to smile at the desire to portray clich?s about the "authentic Russia". The authors of such clich?s try to please foreigners by confirming their laughable stereotypes.

Seedy - 25 Jan 2015 // 19:02:02

All I could understand from that pile of dog-dribble, my dear Slush-y, is that you seem fixated on grilled bread. Is toast/bread perchance rationed again in Russia? Should we be sending food-parcel not to benighted African countries but to poor old Ivan, suffering yet again under a crazy Tsar but without the amusement offered by a Mad Monk? ;)

sa-sha - 25 Jan 2015 // 15:39:47

Yes, no less dear Seedo-Pollutido, in "those days" (before 1917) Russia really HAD. Today, with Tsar Putin, Russia
also HAS.....and not only the minuses ;-)
"the rag-tag remnants"? Not bad;-), but Russia is led today not by them, but by Tsar Putin. As for "Commie thieves/gangsters" (I'd better call them "oligarchy"): those bastards exist in ALL countries.
As for "backward Russia", "your Putin brown-nosing", "place in the civilized Word": it's the unconditioned reflex,
Seedy. The sight and smell of meat is enough to cause the secretion of gastric juice in a dog' organism. The words "Russia", "Russians", "Putin" irritate You in a similar way. The unconditioned reflex, c'est plus fort que toi. Nothing to do with it ;-)....The only request: try to share Your irritation not with me, but with the plebeians ? la
"Finnicky". These unicellular creatures' reaction coincides with Your own. And their name is Legion. And they are
Your mirror, Seedy........To the unifying force of the Unconditioned Reflexes, toast.

Finnicky - 24 Jan 2015 // 12:12:43

We can see the cult state Russia has become with this quote by Deputy Prime Minister Igor Shuvalov given yesterday in Davos:

"When a Russian feels any foreign pressure, he will never give up his leader," Shuvalov said. "Never. We will survive any hardship in the country — eat less food, use less electricity."

So Russians will eat less for Putin! lol. Starting with our in-house Putin loving pederast su-shi.

Seedy - 24 Jan 2015 // 11:11:48

But, dear Shoe-string - the Russia that existed then wasn't run by the rag-tag remnants of Commie thieves, gangsters and drunkards that it is today. In those days, Russia had something to be proud of and a place in the Civilised World.....for all your Putin brown-nosing you can't change the fact that "modern" Russia has gone backwards in the last 100 years.

sa-sha - 24 Jan 2015 // 09:41:05

Not Russia forced Bulgaria to freeze South Stream.
Bulgaria will survive, sure, as well as it survived, as a country and a nation,....and thrown off the Turkish Yoke
EVEN despite the sad fact that by that time Russia existed already on the world map.

Ruska Deus-von Homeyer - 23 Jan 2015 // 16:08:48


DO NOT WORRY ABOUT THE BULGARIANS! We survived as a country and a nation looooooooooooooong ago,before Russia EVEN existed on the world map!

Sofianits - 1 Dec 2014 // 23:33:56

Once again, after 1912, 1936, 1945, 1990, Bulgaria shoots itself in the foot. No force on earth can save a people like this.

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