Russia, South Stream
European consumers have paid billions of euro for the transportation of gas through the Ukraine, but the funds weren’t spent to modernize the pipelines.
In March, South Stream Transport BV, controlled by Russian Gazprom, filed counter claims against the Italian contractor Saipem for 541 million euro on the case of the failed South Stream gas pipeli
It seemed just yesterday that Gazprom had finally abandoned the South Stream project and would agree with Ankara on the Turkish Stream from day to day.
The interruption of gas supplies to Turkey through Romania and Bulgaria after the commissioning of the Turkish Stream may cause the claims of the transit countries.
During the discussion of the North and South (Turkish) Streams Russia and the EU agreed to provide information on them, the Minister of Energy of the Russian Federation Aleksandr Novak stated after
Positive change in Bulgaria's attitude towards the Russian Federation can contribute to connecting Sofia to Russian energy projects in the future, according to the Ministry of Foreign Affairs.<
The first in this year foreign visit of Vladimir Putin to Hungary once again demonstrated the interdependence of the objective interests of Russia and the European Union in the energy sector.
The Russian President Vladimir Putin made it clear to Bulgaria, that it still has a chance to regain "South Stream" in some form.
Russia that has to look for ways to supply gas bypassing the Ukraine has promised to provide one of its allies in Europe - Hungary – with raw material "by any means".
The company is considering joining the TAP project.