The pipeline aimed at connecting the Bulgarian Black Sea port of Burgas with the northern Aegean port town Alexandroupoli, intended to transport Russian oil from the Black Sea to the Mediterranean Sea bypassing the traffic-clogged Bosphorus Straits.
The decision is in line with the Bulgarian centre-right government’s stance since 2009 when it put on review major Russian-led energy projects and said it would abandon them if they did not match the national interest.
Last week Bulgaria gave the South Stream gas pipeline the status of a national project and declared it an object of national importance, providing opportunities for the speedy construction of the project. The pipeline is intended to carry up to 63bcm a year of Russian gas across the Black Sea to Bulgaria and then to central and southern Europe.
The pipeline deal was signed on 15 March 2007 after the project had been touted by successive governments for 14 years. The New Democracy government of Kostas Karamanlis claimed the victory, asserting that the pipeline puts Greece on the energy map.
Yet the deal also placed Greece in the middle of fiercely competing Russian and American energy interests.
US Deploys drones in Bulgariahttp://news.xinhuanet.com/english/world ... 294010.htmhttp://www.defencegreece.com/index.php/ ... t-of-bur..
After Bulgaria replaced by Turkey for Radarhttp://www.novinite.com/view_news.php?id=131757
Two Buses With 40 Israeli Tourists Blown Up At Bulgarian Airport
Israel recently "assisted" in the arrest of alleged hezbollah operatives in Cyprus. Also Hez just blew up an Israeli spy ring (IS bombed the devices)...
Air raids coming to Southern Lev as the Army chief just warned a few weekls ago war a matter of when not if. 3...2...1...
Israel just deployed Iron Dome to the Egypt last weekhttp://www.haaretz.com/news/diplomacy-d ... ron-dome..
On the occasion marking the sixth anniversary of the July war between Israel and Hezbollah, Israeli newspaper Ynet wrote on Thursday that Israeli Defense Forces officials painted a bleak picture of a future conflict between Israel and Lebanon, saying that it will probably entail a massive response by the IDF, including the deployment of ground forces.
Ynet said that IDF officials expressed grave concern over the future of the relative calm noted on the Lebanese border.
“Between the Islamist dawn in Egypt, the bloody uprising in Syria and the overall instability in the Middle East, the situation in Lebanon is seen as fairly stable; but IDF officials warned Thursday that as Hezbollah’s grip on the country grows, looks may be deceiving.”
Syria's defence minister and Interior minister are among those who were killed after a suicide bomber struck the National Security building in Damascus during a meeting of cabinet ministers and senior security officials, state media reported.http://www.aljazeera.com/news/middleeas ... 15804.html
We'll never see this on network television in the USA.
Greek bonds guesstimates: Still, no one speaks about Greece anymore… 2023s at 24.25% after 24.5% and 2042s unchanged at 21%.
All levels COB 17:30 CET
Baltic Dry down again 1.7% to 1074 from 1093. And it’s not because of falling Commodity prices.