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US backs Bulgarian pipeline claims

Days before the Russian president’s visit to Sofia, the US Ambassador to Bulgaria has urged the country to persist with its ownership ambitions for the South Stream gas pipeline.

John Beyrle came out with a statement in support of Bulgaria's demands for a majority stake in the company, the Dnevnik daily reported.

The intergovernmental agreement for South Stream project is expected to be signed during Russian president Vladimir Putin's visit.

Bulgarian officials are acting in the best interest of Bulgaria and also are looking to guarantee compensation if the necessary gas supplies cannot be contracted, Ambassador Beyrle stated in front of Dnevnik. Sources of the daily described the situation as “delicate.”

Russia, in contrast to the Bulgarian position is in command of the International Project Company that will build Burgas-Alexandroupolis oil pipeline with 51% shareholding and 24.5% for Greece and Bulgaria. (