Bulgaria halts South Stream gas pipeline projectAugust 19, 2014 - 11:17 AMT PanARMENIAN.Net - Bulgaria’s Minister of Economy and Energy Vasil Shtonov has ordered the country’s Energy Holding to halt any operations on the South Stream gas pipeline project. The works were suspended as they do not meet the requirements of the European Commission, the ministry said on its website on Monday, Aug 18, according to RIA Novosti. The South Stream pipeline, expected to carry Russian gas across the Black Sea to Southern and Central European countries, is aimed at diversifying export routes for Russian gas. The project stalled when the European Commission expressed concern that Russia’s bilateral agreements with European transit countries, namely Austria, Bulgaria, Hungary and Slovenia, violate the EU Third Energy Package. According to these legislative proposals, the pipelines in the EU cannot belong to the natural gas extractors. South Stream construction began in late 2012, with the first deliveries expected in 2016. The pipeline is supposed to become fully operational in 2018. Photo: RIA Novosti Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |