Bulgaria’s caretaker Energy Minister Vasil Shtonov has argued that the South Stream gas pipeline would have fetched meager profits from transit fees.
In a Thursday interview for bTV, he claimed that the gas pipeline would have brought EUR 54 M a year in transit fees over the next 30 years, adding that the sum had been calculated on the basis of 8% rate of return.
“As we see it, this is too little for Bulgaria,” Shtonov declared, adding that it was good for Russia as it would be paying much lower transit fees compared to the ones Ukraine was receiving now.
He noted …read more
Source: Novinite
