In the current conditions, Russia cannot begin the implementation of the South Stream project, Russian President Vladimir Putin said on Monday, December 1.
“Bearing in mind the fact that we have not yet received Bulgaria’s permission, we think Russia is such conditions cannot continue this project. I mean we are to begin the construction of the pipeline system in the Black Sea. We cannot begin the construction of the seabed section until we have Bulgaria’s permit,” Putin told a news conference in Ankara.
Russia, according to the president, cannot begin the construction of the seabed section to stop at the Bulgarian coast. “It is absurd. I think it is obvious,” he noted, adding that Russia is forced to revise its participation in the project.
South Stream is Gazprom’s global infrastructural project of a gas pipeline system with a capacity of 63 billion cubic meters across the Black Sea stretching from Russia to countries of the Southern and Central Europe, including Hungary, Serbia, Slovenia and Austria.
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