South Stream: Bulgarian governmental crisis is a threat to the project

Withdrawal of Bulgarian government that is loyal to Moscow can be a serious problem for Gazprom and project of the South Stream gas pipeline. The country will be ruled by a technical government until October; it doesn’t have sufficient authority for major decisions, and then pro-European opposition can come to power. As a result, Gazprom risks not to have time to construct South Stream by the end of 2015.

Yesterday, Bulgarian Parliament sacked the Government of Plamen Oresharski, formed by a coalition led by the Bulgarian Socialist Party (BSP), with 180 votes against 8 ones and with 8 abstentions. Reasons were the banking crisis in Bulgaria and May elections to the European Parliament, lost by BSP. Head of the largest opposition party, GERB, ex-Prime Minister Boyko Borisov refused to form a new cabinet. The parliament will be dissolved on August 6, new elections will be held in October, and before that Bulgaria must be lead by the interim government.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
12 Northfields Prospect; London, - SW18 1PE; United Kingdom
E 51° 27.454518" S 0° 14.101236"

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer