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Bulgaria halts South Stream gas pipeline project for second time


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IMAGE: Vasil Shtonov, Minister of Economy and Energy »

August.19.2014

All operations on Russia’s Gazprom-led project South Stream have been suspended, as they do not meet the requirements of the European Commission, Bulgaria’s Ministry of Economy and Energy said on its website.

“Minister of Economy and Energy Vasil Shtonov has ordered Bulgaria’s Energy Holding to halt any actions in regards of the project,” the ministry said. This specifically means entering into new contracts. 

There has been mounting pressure from the EU to put the project on hold, and now the European Commission will be consulted each step of the way to make sure it complies with EU law. 

European 'anti-monopoly' laws prohibits the same company to both own and operate the pipeline. However, Gazprom and Bulgaria had previously struck a bilateral agreement regarding that aspect of the project.

Article Credit: RT

Updated 4 Years ago
 

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Tags:     Russia     European     Vasil Shtonov     Bulgaria’s Energy Holding

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