The Sofia Globe: Bulgaria Prepares to Seek Damages for Idle South Stream Assets

Bulgaria’s Cabinet was preparing to seek damages for the idled properties that were due to host infrastructure for the now-abandoned South Stream gas pipeline, with the government approving on August 26 the methodology for calculating such damages.

“To this day, Bulgaria has not been officially notified of the termination of the project to build the South Stream gas pipeline. As such, the Bulgarian state is bound to carry out its duties […], such as examining and approving investment plans, issuing construction permits and carrying out preliminary assessments for construction permits,” the government media service said in a statement.

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