Gazprom Cannot Seek Compensation from Bulgaria for South Stream Termination - EU Commissioner

Gazprom Cannot Seek Compensation from Bulgaria for South Stream Termination - EU Commissioner

The European Commissioner for Competition, Margrethe Vestager, said on Thursday that Russia's Gazprom cannot seek any damages from its Bulgarian partners following the termination of the South Stream gas pipeline project. Gazprom may have used its market position in gas supply in Bulgaria to obtain favourable treatment concerning gas infrastructure, Vestager said in a statement posted on the website of the European Commission. In December 2014, Russia abandoned - over objections from the European Commission - its plans to build the South Stream gas pipeline designed to carry Russian gas under the Black Sea to Bulgaria and from there to central and southern Europe but said it is ready to build another pipeline system to Turkey instead (TurkStream).The EC has adopted a decision imposing on Gazprom a set of obligations to significantly change the way the company operates in Central and Eastern European gas markets and to the benefit of millions of European consumers who rely on gas to heat their homes and cook their food, Vestager said.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.