The European Union allows for the establishment and implementation of the project of “The South Stream” gas pipeline only in case of full compliance with the rules of the Third Energy Package. This was stated by the EU Ambassador to Russia Vygaudas Usackas, as RIA Novosti reported. He stressed that the initiative to suspend the construction did not come from the EU, and Brussels as a whole supported the diversification of energy supplies.
Earlier Russia’s permanent representative to the EU Vladimir Chizhov said he did not exclude the possibility of the resumption of “The South Stream” “in the near future”. On January 20, 2016 “Gazprom” announced the termination of the contract of “The South Stream” gas pipeline project. The “South Stream Transport” designed for the construction of the offshore part of the pipeline has agreed to release the Russian holding company from all obligations and to terminate the contract of guarantee in respect of “Gazprom Export”.
In early February the Bulgarian Parliament rejected the proposal for the resumption of “The South Stream”. Prior to this, the Prime Minister Boyko Borisov announced that the country would soon return to the construction of the pipeline. The construction of “The South Stream” gas pipeline with a total capacity of 63 billion cubic meters per year was suspended by Russia in December 2014. The reason was called the undefined Bulgaria’s position on the project. Instead, it was decided to build “The Turkish Stream” gas pipeline on the territory of Turkey, but the project was under threat at the end of 2015 due to the sharp deterioration of the Russian-Turkish relations.
Author: Anna Dorozhkina