Bulgaria 'Unable to Halt South Stream Construction' - Ex-Energy Minister
Monday, 26 January 2015
Sofia cannot move to suspend activities related to the construction of the South Stream gas pipeline, a former Energy Minister and current MP said on Sunday.
"If we suspend activities unilaterally... this would be a violation of the shareholders' agreement between the two shareholders. This is why we cannot put an end to the issuance of permits," Delyan Dobrev, who heads Parliament's Energy Committee, told the Bulgarian National Television.
He was referring to the shareholders at South Stream Bulgaria AD, a joint venture set up in 2010 by state-owned Bulgarian Energy Holding (BEH) and Russian energy giant Gazprom to be in charge of the pipeline's construction on Bulgarian soil. On Friday, South Stream Bulgaria CEO Dimitar Gogov announced his entity was still operational and was being financed by the shareholders.