/ world today news/ The resignation of the Bulgarian government could become a serious problem for Gazprom and the South Stream project.
The resignation of the Bulgarian government could become a serious problem for Gazprom and the South Stream project.
Until October, Bulgaria will be governed by a technical cabinet without sufficient powers to make serious decisions, and then a pro-European coalition may come to power. Accordingly, there is a risk that Gazprom will not complete the launch of South Stream until the end of 2015. In June, Prime Minister Oresharsky, under pressure from the United States, announced that he was freezing the construction and started consultations with the European Commission, which insisted on checking the circumstances in connection with the auction.
The technical government, appointed by the president, will have the right to negotiate on “South Stream”, but its decisions will have to be approved by the parliament, and the president Rosen Plevneliev (a representative of GERB and a supporter of the Euro-Atlantic course) has the right of veto.
It was during GERB’s administration that “Russian-Bulgarian projects were frozen and canceled – Belene NPP and the Burgas-Alexandroupolis oil pipeline”, and on Wednesday the BEH board failed to make a decision to credit Gazprom with 620 million euros for the Bulgarian section of ” South Stream”.
However, many sources believe that the fate of “South Stream” will not be decided in Bulgaria at all” and, in general, it does not matter who will come to power. Sofia – even with a new government and against the background of Western pressure, it will be difficult to give up If the transit through Ukraine stops, Bulgaria, which has almost no alternative suppliers, will suffer, and the amounts from the transit and the preferential prices for the gas from “South Stream” may fill the budget.
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