Die Presse: 'New Signs of Life' for South Stream from Bulgaria

Business » ENERGY | December 21, 2014, Sunday // 14:12| Views: | Comments: 0
Bulgaria: Die Presse: 'New Signs of Life' for South Stream from Bulgaria Photo by BGNES

The abandoned South Stream gas pipeline project could be renewed, after Bulgarian and Russian media reports that construction permits will now be issued, Austrian daily Die Presse wrote on Saturday.

In a brief report titled "South Stream: New Signs of Life from Bulgaria", the outlet informs that Bulgaria's Prime Minister Boyko Borisov is now seeking withdrawal of the EU's resistance to the project.

However, Bulgaria could also be issuing permits again only to avoid paying forfeit to Russia, Die Presse concludes.

South Stream was scrapped late on December 1, when Russian President Vladimir Putin said Gazprom felt forced to stop carrying out the project due to Bulgaria's decision to freeze construction.

On Friday the Bulgarian government confirmed that it had been asked by the Russian side to issue the construction permits necessary.

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Tags: South stream, Bulgaria, Russia, Vladimir Putin, Boyko Borisov
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