“The Bulgarian side has turned to the Energy Ministry with a request to hold a meeting on the South Stream project, but the date has not been scheduled yet,” he said.
The meeting may be held on December 19, he said. Bulgaria may suggest Russia continue the construction of the offshore part of the pipeline and build a gas distribution station on its territory.
THE MAIN EXPORT ROUTES OF RUSSIA’S NATURAL GAS SUPPLIES TO EUROPE. Infographics by TASS
Vladimir Putin blamed the EU and Bulgarian authorities for lack of cooperation. According to the South Stream Transport Company, European companies will suffer direct losses valued at no less than €2.5 billion due to the termination of the project.
Instead of South Stream, Gazprom will build a gas hub on the Turkey-Greece border under a new 63 billion cubic meter pipeline project. Gazprom CEO Alexey Miller said the construction of a gas pipeline to Turkey will make it possible to reduce the risks linked with natural gas transit through Ukraine. Russia’s steel pipe manufacturers hope that all their products originally meant for the South Stream project will be redirected to the new gas pipeline project.