US sanctions 8 Russian companies over non-proliferation lawWorld March 25, 21:53
Russia's Defense Ministry says US-led coalition unlikely to launch battle for Raqqa soonRussian Politics & Diplomacy March 25, 19:06
Russia cuts oil production by 185,000 barrels per day as of today — energy ministerBusiness & Economy March 25, 18:30
OPEC has no objections to speed of Russia's oil production cutsBusiness & Economy March 25, 12:38
Opposition leader Vladimir Neklyayev detained in Belarus - news agency directorWorld March 25, 5:33
Russia submits amicus curiae brief to US Supreme CourtRussian Politics & Diplomacy March 25, 3:34
Russia, China suggest for UN SC to adopt resolution on chemical terrorism threatRussian Politics & Diplomacy March 25, 3:23
Russian lawmaker compares European Union to Soviet UnionRussian Politics & Diplomacy March 25, 3:16
Russian emergencies ministry says fire at Kazan’s gunpowder factory fully extinguishedWorld March 25, 3:01
Earlier, Bulgaria said work on the land section of the pipeline was suspended.
“The Bulgaria issue is of a working nature, it is being discussed, resolved between companies who established a joint venture company on the project and are conducting further operations to choose contractors,” Novak said.
He added that he hoped “everything will be okay and the project will be implemented in strict accordance with the schedule.”On June 2, the EU’s executive body, the European Commission, voiced its intention to suspend implementation of the South Stream project in EU countries, first of all in Bulgaria. European Energy Commissioner Guenther Oettinger’s spokesperson Sabine Berger said the EC gave two legal grounds for such a step.
First, she said, the EC has problems about whether the project conforms to the norms of the EU’s Third Energy Package. Besides, Brussels suspected Sofia of violating European regulations to hold tenders for construction of infrastructure projects and of granting privileged opportunities to Russian and Bulgarian companies.
Russian state energy giant Gazprom is implementing the South Stream project to diversify deliveries of natural gas to Europe bypassing Ukraine and reduce dependence on transit countries.
The South Stream Transport B.V. company is an international joint venture organized to carry out planning, construction and subsequent operation of the gas pipeline that will be laid through the Black Sea to Bulgaria and on to Italy and Austria.
Gazprom’s share in the joint venture totals 50%, Italy’s Eni holds 20%, France’s EDF and Germany’s Wintershall Holding GmbH hold 15% each.
The sea section of South Stream will run along the bottom of the Black Sea from the Russkaya compressor plant on the Russian coast to Bulgaria’s coast. The overall length of the sea section will total over 900 kilometers (560 miles), the maximum depth will exceed 2 kilometers and the annual design capacity is 63 billion cubic meters.
The first supplies of gas via the gas pipeline are due in late 2015.