Participants in the fourteenth International Economic Forum, which ended in Saint Petersburg on Saturday, have reiterated calls on Bulgaria to hurry up with committing itself to the South Stream gas pipeline project.
The head of the Dutch Gasunie company, Marcel Kramer, has been named chairman of the board of directors and executive director of the South Stream gas pipeline project
Bulgaria's Economy and Energy Minister, Traicho Traikov, reiterated Saturday that the country will pull out of the Burgas-Alexandroupolis oil pipeline if the assessment shows it will have negative effect on the environment.
Bulgaria will face economic sanctions if the cabinet pulls out of the Burgas-Alexandroupolis project, according to Plamen Rusev, Director of the Bulgarian branch of "Trans-Balkan Pipeline" which is to build the oil line.
The investor in the Burgas-Alexandroupolis oil pipeline must submit an environmental assessment report, Bulgaria's Environmental Minister, Nona Karadzhova says.
The losses for Bulgaria if the country makes a decision to stop for good the project to build a second Nuclear Power Plant in the Danube town of Belene can exceed EUR 1 B.
Italian company Eni and Russia's Gazprom have signed a memorandum allowing the French EDF to join as a third shareholder in the South Stream gas transit pipeline.
Bulgaria must hurry up with committing itself to the South Stream gas pipeline project, as urged by the country's partners in the project.
Russia's crude oil pipeline monopoly Transneft, which is a partner in Burgas-Alexandroupolis oil pipeline, hopes to renew discussions about the future of the project at a meeting with Bulgarian officials in July, the company president said.
Macedonia must become part of European energy corridors and in particular join the projected South Stream pipeline that will transfer gas from Russia to Southern and Central Europe.
Bulgaria has not made any decision to freeze or give up the NPP Belene project, stated Bulgarian energy minister Traicho Traikov.
If Bulgaria does not build the projected Belene NPP, it would be forced to import electricity from other countries.
Natural gas prices in Bulgaria will probably be increased by at least 25% as of July 1, according to the State Commission for Energy and Water Regulation (DKEVR).
The Bulgarian President, Georgi Parvanov, suggested that a national referendum should decide the future of the "Belene" Nuclear Power Plant.
Bulgaria's Prime Minister, Boyko Borisov, declared Friday he is firmly for building a second Nuclear Power Plant in the Danube town of Belene and would support a national referendum on the issue.
The Russian trade representative in Bulgaria has been dismissed, the Russian information agency RIA Novosti reports.
Gazprom is already technically prepared to drop Bulgaria and to pick Romania for its South Stream gas transit pipeline project, according to Russian paper Kommersant.
Bulgarian Prime Minister Boyko Borisov has reversed his words that the project for the construction of the Belene Nuclear Power Plant is "frozen".
Turkey is going to benefit huge if Bulgaria decides to withdraw from any of the large-scale Russian-sponsored energy projects, according to former Economy Minister Petar Dimitrov.
Russian energy giant Gazprom and Romania have started negotiations for the latter's inclusion in the South Stream gas transit pipeline project, whose primary Balkan hub is supposed to be Bulgaria.
There are plenty of other partners interested in realizing joint energy projects with Russia if Bulgaria pulls out of the existing deals, according to Russian Ambassador in Sofia, Yury Isakov.
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