Tuesday 8 July 2014

Russia, Bulgaria Seek Quick Resumption of South Stream - Bloomberg

Russia, Bulgaria Seek Quick Resumption of South Stream - Bloomberg:



"Bulgaria and Russia are seeking to soon resume the construction of the South Stream pipeline designed to ship natural gas via the Black Sea to the European Union to cut dependence on Ukraine for transit of the fuel.



“It’s important to adhere to the project’s construction schedule and continue dialogue with the participating countries and the European Commission in Brussels,” Russian Foreign Minister Sergei Lavrov said at a news conference in Sofia today.



Bulgaria, which mostly relies on Russian gas for its energy needs, halted the project last month after the EU’s executive arm sent a letter asking for work to be suspended because of concerns the Balkan country may have broken the bloc’s public procurement laws by favoring local and Russian bidders. Russia then said the 28-nation union was seeking to retaliate over its conflict with Ukraine."



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