Russian energy giant Gazprom will hold talks...
The pipeline project is controlled by a consortium of Russian state-run companies.In early December, the Russian energy minister said Bulgaria"s concerns over the environmental impact of the oil pipeline construction may pose problems for the project. He said Bulgaria is also unhappy with the project"s economic scheme, as Sofia wants to receive more than just dividends from the project.
Russia signed an intergovernmental agreement on the South Stream gas project with the Socialist-led Bulgarian government in January 2008, and in May 2009, Russia"s Gazprom and state-run Bulgarian Energy Holding (BEH) agreed to set up a joint venture on a parity basis to build the Bulgarian section of the South Stream pipeline by mid-2010.
The South Stream project, designed to annually pump 31 billion cubic meters of Central Asian and Russian gas to the Balkans and on to other European countries, involves Bulgaria, Serbia, Hungary, Italy and Greece. The pipeline"s capacity
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