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Putin mulls energy co-op with Bulgarian counterpart (UPDATED)

23 July 2010 09:08 (UTC+04:00)
Putin mulls energy co-op with Bulgarian counterpart (UPDATED)

MOSCOW – Prime Minister Vladimir Putin discussed the Russian-Bulgarian energy cooperation with his Bulgarian counterpart Boiko Borisov in a telephone conversation on Wednesday, RIA Novosti reported quoting Russian government's press service.

Russia and Bulgaria signed in January 2008 an agreement on the South Stream project designed to transport Russian gas to Western Europe bypassing Ukraine.

However, Gazprom announced in June the possibility of re-routing South Stream through Romania, instead of Bulgaria, after Borisov said that his country would not proceed with previous agreements to build the joint gas pipeline with Russia and Greece.

The issue was settled on July 16, when the counties signed a road map for the technical and economic assessment of Bulgaria's section of the pipeline.

The South Stream pipeline, which is considered a rival to the EU-backed Nabucco pipeline, is scheduled to be launched in December 2015.

The offshore part, operated by Russia's Gazprom and Italy's ENI, will run for 900 km (559 miles) from Russia's mainland under the Black Sea to the Bulgarian coast and carry up to 63 billion cubic meters of gas a year.

Intergovernmental agreements have been signed between Bulgaria, Serbia, Greece, Hungary, Slovenia, Croatia and Austria for the implementation of the section of the pipeline that will run over land.

Putin also discussed energy cooperation with his Greek counterpart George Papandreou in a telephone conversation on Wednesday. The prime ministers agreed to hold bilateral talks. The date for the meeting is yet to be set.

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