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Bulgaria Believes That The US Has No Grounds For Sanctions Against The Balkan Stream

Bulgaria Believes That The US Has No Grounds For Sanctions Against The Balkan Stream

The Bulgarian energy Ministry believes that the US has no grounds for imposing sanctions in connection with the construction of the Balkan Stream gas pipeline, according to Energy Minister Temenuzhka Petkova in an interview with bTV on Wednesday.

"We are not building the Turkish Stream, but the Balkan Stream. Our project is implemented by our company Bulgartransgaz, at its expense, and it meets all the legal rules of the European Union. We believe that there is no reason to impose US sanctions on the Balkan Stream. There is no risk for Bulgaria," Petkova stressed. At the same time, according to the newspaper 24 hours, the US Embassy has already sent the Bulgarian government a corresponding warning about possible sanctions.

"Balkan Stream is actually a continuation of the Turkish Stream gas pipeline through the territory of Bulgaria; but in official documents, it is called the object of" expansion of the gas transport infrastructure of the company "Bulgartransgaz" parallel to the Northern (main) gas pipeline to the Bulgarian-Serbian border." The name "Balkan Stream" for the gas pipeline was proposed by Bulgarian Prime Minister Boyko Borisov. The total length of the gas pipeline is 474 km.

The US House of Representatives on Tuesday approved the draft defense budget for the next fiscal year (starting in the country on October 1), which obliges the administration to tighten sanctions on the Nord Stream 2 and Turkish Stream gas pipelines. This is about imposing restrictions against foreign persons who significantly contribute to the sale, lease, or provision of vessels for laying pipes intended for the construction of Nord Stream 2 and Turkish Stream.

The Turkish Stream, which was launched on January 8, runs along the bottom of the Black sea from the territory of Russia to the coast of Turkey. Then there is a land transit route to the border with neighboring countries, from where gas is already exported to Greece, Bulgaria, and North Macedonia. In the future (after the completion of the entire infrastructure), gas will go to Serbia and Hungary. The capacity of the 930 km long gas pipeline is 31.5 billion cubic meters of gas per year.

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