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The Ministry of Economy and Energy of Bulgaria accused the half-owned by the Russian “Gazprom” project company South Stream Bulgaria AD in violation of instructions to freeze all activities of the project. A report issued today by the Office notes that, contrary to the prohibition of the company’s capital was increased to 397,600,000 leva (more than $ 271.5 million).
The ministry explained that in accordance with the instructions of the Minister Vasil Schonova director of Bulgarian Energy Holding (BEH), which owns 50% in the South Stream Bulgaria AD, sent the head of “Gazprom” Alexey Miller a letter requesting not to take any measures to increase the company’s capital. But the next day guide South Stream Bulgaria AD announced an increase in capital. August 18, 2014, this decision was entered in the commercial register of the Ministry of Justice of Bulgaria.
«The Ministry of Economy and Energy considers that the actions of the” South Stream Bulgaria “does not correspond to the interests of the Bulgarian Energy Holding, and intends to apply to law enforcement agencies,” – said in a statement authorities.
« Gazprom “and Bulgaria began talks on South Stream in 2008, but a final investment decision was signed only in November 2012. Concern has not been able to agree on the terms of cooperation with the country. In mid-2012, local authorities have threatened to abandon the project, demanding a discount on gas, a high rate for pumping and the rate of return for the project. As a result, “Gazprom” had to significantly reduce the price of gas.
At the beginning of June 2014 under pressure from the European Commission Bulgarian authorities announced their decision to suspend the preliminary work on the project – as long as its conditions are not conform to the standards of the “Third Energy Package».
Later European Energy Commissioner Guenther Oettinger warned that EU authorities will not disregard the behavior of European countries, in violation of the rules adopted by the EU to negotiate with Russia on the construction of the gas pipeline “South Stream”.
«The European Commission can not accept the fact that some EU member states have signed the agreement with Russia to build a pipeline that violate jointly adopted by European law. I call on the EU to postpone the project until such time as it does not comply with European law. The one who will continue to take action, will have to reckon with the consequences, “- said the commissioner.
« South Stream “- a global infrastructure project of Gazprom gas pipeline capacity of 63 billion cubic meters. m across the Black Sea to the countries of Southern and Central Europe. The first deliveries of gas through the pipeline to begin in late 2015. At full capacity it is scheduled to be in 2018.
The marine section of the pipeline “South Stream” will run under the Black Sea from the compressor station “Russian” on the Russian coast to the Bulgarian coast. The total length of the Black Sea section will be 925 km, maximum depth – over 2.2 km. Onshore section of the pipeline length of 1 thousand. 455 km pass through the territories of Bulgaria, Serbia, Hungary and Slovenia.
Eugene Kalyukina
August 19, 2014
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