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NewsFrom Bulgaria09.10.2013 15:17 South Stream in Bulgaria Runs Five Months Late, Deputy Energy Minister Informs the Romania-Bulgaria gas interconnector is the most advanced of all projected Bulgarian gas interconnections and should start operating in January 2014 The work on South Stream has been delayed with five-six months due to talks on the financial model of the project, Bulgaria’s deputy energy minister Ivan Aiolov stated during a forum on Oct. 8. “Bulgaria is defending its interest. Nevertheless the financial model of South Stream will not be changed, we are re-negotiating its parameters”, Aiolov said, as quoted by BNR. The Bulgarian government has been considering the re-negotiation of the interest rate of the planned loan that the state-owned Bulgarian Energy Holding will obtain from Gazprom for the construction of the pipeline on Bulgarian territory. Deputy-minister Aiolov further informed that the Romania-Bulgaria gas interconnector is the most advanced such project. It is expected that the gas connection with Bulgaria’s northern neighbor becomes operational as of Jan. 1 2014. A tender for the engineering of the interconnector with Serbia, planned to start operations in 2017, will be organised by end-October. The planned gas network connection with Turkey is the least developed, currently being at a planning stage, Ailov stated. No published comments Login to comment |
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