Bulgarian Expert: Russia Knows Its Energy Projects Are Unsound

Aug 14, 2009 | Posted by: roboblogger | Full story: Sofia News Agency

Russia's energy projects in the Balkans are economically unsound, according to Rumen Kanchev.

Comments
1 - 2 of 2 Comments Last updated Aug 17, 2009
Mario Pappas

Lasalle, Canada

#1 Aug 16, 2009
The Obama crew (Morningstar) told Borisov to kill
the Burgas-Alexandroupolis pipeline. Borisov obliged.
Bulgaria's sigmature on international contracts means nothing.
Greece will also suffer financial losses as it is a co-ownwer of the project.

It remains to be seen how the greeks will react toward Bulgaria.
Pipelines

Bulgaria

#2 Aug 17, 2009
The Burgas-Alexandropolis has a great and I mean really great opposition in Bulgaria, almost everybody is against it because it is a great danger for our ecology and tourism and we practically gain nothing from it (I heard about some funny 20 mln USD/year) and we can lose billions if an accident happens. There was even a referendum in Burgas and people voted against the pipeline. It's in the interest of Bulgaria and the Bulgarian people this project to be abolished and the former goverment who signed this contract to be investigated for corruption.

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