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Russia expected to quit Eastern European pipeline.

Russia is likely to quit the Burgas-Alexandroupolis Oil Pipeline, a joint project with Bulgaria and Greece, and will probably demand compensation from its partners, Russian Energy Minister Sergei Shmatko said.

"The current status of the project is that we have suspended almost all activities and are waiting for a final official decision by the Bulgarian government," Shmatko said.

Russian oil pipeline monopoly Transneft cut spending to a minimum on the project for a 300-km pipeline, supposed to link the Black Sea port of Burgas to Alexandroupolis on the Aegean Sea. Bulgaria has threatened to abandon the project over environmental risks since half of the pipeline would run through its territory.
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Title Annotation:International
Publication:Pipeline & Gas Journal
Date:Apr 1, 2011
Words:110
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