Bulgaria May Restore Russian Gas Pipeline, Nuclear Plant
- Bulgaria wants to avoid penalty payments for canceled projects
- Bulgarian Premier Borissov discusses energy plans with Putin
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Bulgaria and Russia agreed to resurrect the canceled South Stream natural gas pipeline across the Black Sea and the Belene nuclear power plant as the Balkan country strives to reduce penalty payments over unfulfilled contracts awarded to Russia by international courts.
Bulgaria and Russia agreed to set up working groups that will seek ways to resume work on the two energy projects, Prime Minister Boyko Borissov said on Saturday in the Black Sea city of Varna, according to an e-mailed statement. He spoke after a phone conversation with Russian President Vladimir Putin on Aug. 5. Borissov has discussed the projects with the European Commission and they will be done in compliance with European Union rules, he said.