Bulgaria’s ministry of environment and waters approved a report on the environmental impact assessment (EIA) of the South Stream gas pipeline project. At present, there seems to be no technical, financial or other obstacles for the project to go ahead. All restrictions regarding the underwater section of the pipeline have been lifted, Natural Gas Europe writes.
According to former Prime Minister of Bulgaria Boyko Borisov, South Stream’s realization would transform Bulgaria into the largest natural gas hub in the Balkans. It is expected that the project brings 3 billion euro investments to Bulgaria and will open thousands of jobs during the construction of the pipeline and afterwards.
Alexei Gromov, General Director of the National Energy Institute, commented on the issue: “A few months ago, Russia offered Bulgaria a 20% discount on gas supplies under long-term contracts in a bid to persuade it to approve South Steam. This will save Bulgaria at least one billion euro. All of Bulgaria’s subsequent moves stem from that Russian offer.”
Editors note: Natural gas from the East and nuclear energy will be the cornerstone of Bulgaria’s energy self-sufficiency in the decades to come. It seems, no amount of politically motivated red tape from Brussels can make any Bulgarian decision-maker go against the interests of his own nation.