The Russian gas giant Gazprom officially informed that the contract on the South Stream project is terminated. The Gazprom board of directors endorsed the contracting of an agreement with a joint international company for the planning, construction and exploitation of the maritime gas pipeline South Stream Transport B.V. for terminating the action of the contract with its branch Gazprom Export engaged with the transport of gas since October 2, 2013. South Stream Transport has agreed to lift from Gazprom all obligations under the contract. The Gasprom pipeline, which would have cost 15.5 billion euro, would have provided for Europe 67 cubic meters of gas per year and that gas would have been passing through the territory of Bulgaria.
The press service of the Bulgarian government explained that the information concerns the terminating of the contract for the building of the portion of the pipeline passing through the Black Sea, in which the Bulgarian Energy Holding and the Bulgarian side have no participation. The contract in question is signed with the South Stream Transport company, which is entirely owned by Gazprom.
Up to date the Bulgarian side has received no official letter for the terminating of the project for the South Stream gas pipeline on Bulgarian territory.
