Bulgaria calls tender for works related to cancelled South Stream gas pipeline project

By bne IntelliNews March 11, 2015

Bulgaria's ministry of regional development and public works has called a tender for works necessary for the implementation of the Bulgarian sector of Gazprom's cancelled South Stream natural gas pipeline project, a notice on the ministry’s website informs. The works include the preparation of a methodology for assessing the compensation for establishing easement on land representing a sea beach, as well as assessing the right to build on the seabed. The tender is worth nearly BGN66,000 (€33,745), Dnevnik daily reported. The bidding deadline is April 9.

We remind that on March 2, Bulgaria’s ambassador to Russia, Boyko Kotsev, said that Bulgarian companies continue to work on orders related to South Stream. The diplomat commented that these companies have contractual obligations, which have not been cancelled officially despite statements made by public persons in Russia.

The 63bn cubic metre South Stream pipeline was designed to transport gas to Europe from Russia under the Black Sea, bypassing Ukraine. It was planned to go across Bulgaria, Serbia and Hungary, ending in Austria. In December, Russian President Vladimir Putin announced that the project would be scrapped in favour of a new pipeline from Russia to Turkey amid rising tensions between Moscow and the EU. The news was a heavy blow for Bulgaria, which currently imports almost all its natural gas from Russia via Ukraine.

Related Articles

RBI doubles net profit y/y in Q1 as Russian business recovers

Raiffeisen Bank International (RBI), the second largest bank operating across Central and Eastern Europe by assets, reported that net profit almost doubled year-on-year to €220mn in the first ... more

Bulgarian prosecutors charge former foreign minister in procurement case

Bulgaria's specialised anti-corruption unit has charged former Foreign Minister Daniel Mitov with violating the laws on public finance and public procurement, ... more

Bulgaria’s antitrust regulator allows BAT’s €100mn acquisition of Bulgartabac assets

The Commission for Protection of Competition (CPC) has allowed the €100mn acquisition of assets of Bulgaria’s Bulgartabac Holding by British American Tobacco (BAT), a notice on CPC’s website ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss