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Commenting article: Bulgaria to Lose USD 600 M over Suspension of South Stream – Ex-Minister

Former Energy Minister Rumen Ovcharov has estimated Bulgaria’s losses from the suspension of the South Stream gas pipeline at around USD 600 M.

In a Tuesday interview for the morning broadcast of Nova TV, Ovcharov noted that annual gas transit of 63 billion cubic meters would be redirected from Bulgaria to Turkey as a result of the decision of Russia to drop the South Stream gas pipeline project.

He emphasized that Bulgaria would not only lose money but also suffer geostrategic and political losses.

Melkor - 2 Dec 2014 // 14:15:26

The NEW YORK TIMES writes that the suspension of the south stream is a "diplomatic win".

If this is a "win" I do not know how a loose should look like.

Iimpoverished country - 2 Dec 2014 // 13:16:40

"Like it more every day Russian paid troll prostitute."
Haha. Said 100% REAL paid american troll prostitute.
Anyway 400mn euros too much for the impoverished country.

TURCOS - 2 Dec 2014 // 13:15:50

@Fester who said: ''Like it more every day Russian paid troll prostitute''

Who do you call prostitute? Turkey is a independant country who makes its own decisions. You should listen to your masters in Brussel. I think Bulgaria is the prostitute. And litteraly West Europe is full with bulgarian you know what mean.

This is a big deal for Turkey and Russia.

The Turks get gas (and with a small discount).

The Russians get to sell more gas.

The two countries doing billions more in business is good for them economically and politically.

Tania Oz - 2 Dec 2014 // 13:04:51

Oh Dear, seems like the Commies are doing what they do best in Bulgaria, scare-mongering tactics and spreading mis-information. Typical.

I didn't see the TV interview, but where exactly does he pluck the figure US 600 million from. Probably from the sheep in the paddock, which are his namesake. I think Ovcharov the sheep herder, should stick to what he knows best.

He goes on to say...........
“The government of Boyko Borisov will go down in history as the one which destroyed three large-scale infrastructure projects which could have helped Bulgaria emerge from the economic crisis,” he insisted, adding that Bulgaria would have been an entirely different country as a result of the implementation of these projects."..............
Refering to Belene NPP and South Stream, I don't know what the third project is (can someone tell me please); but the first 2 are Russian orientated projects which the BSP tried to get through for their Russian masters. No surprises there. Hence yes, BG would certainly be a different country if we continue to follow every whim and order of Russia.

Fester - 2 Dec 2014 // 11:45:44

"Do you like the EU now Bulgaria? Thanks EU."

Like it more every day Russian paid troll prostitute.

TURCOS - 2 Dec 2014 // 11:42:10

Do you like the EU now Bulgaria? Thanks EU.

Mat - 2 Dec 2014 // 11:29:06

Oh dear, the energy oligarchs will not become quite as rich as they had expected. Damn those pesky interfering administrators in Brussels!

Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria