Russia holds the largest combined oil and gas reserves in the world.
Bulgaria has again halted work on the Russia-led pipeline project South Stream.
Bulgaria's Minister of Economy and Energy, Vassil Shtonov, suspended work on the 930km-pipeline until it conforms to European Union law.
South Stream will stretch across the Black Sea to southern and central Europe, providing another gas transit route for Russia's Gazprom.
But the EU is worried about the gas producer also owning a pipe network.
Bulgaria stopped work on South Stream in June after tensions in Ukraine.
On Tuesday, the minister ordered the Bulgarian Energy Holding to suspend any competitive bidding procedures and the signing of any contracts relevant to South Stream.
Bulgaria is almost entirely dependent on Russian gas and has been trying for years to diversify its sources.
South Stream's offshore section would run beneath the Black Sea across territory run by Russia, Bulgaria and Turkey. The onshore section will cross Bulgaria, Serbia, Hungary and Slovenia.
Currently, 15% of the EU's gas supply from Russia is piped through Ukraine. South Stream would by-pass the country.
The construction of South Stream began in late 2012, with the first gas deliveries expected in 2016. The pipeline is due to become fully operational in 2018.
Posts
0 comments:
Post a Comment