Europe May Face ‘Disaster’ Due to South Stream Cancellation: Czech Company

Tuesday, December 2, 2014
By Paul Martin

Sputniknews.com
02.12.2014

Cancellation of the South Stream gas pipeline project spells a disaster for the Baltic States, as well as Bulgaria, Serbia, Hungary and Austria, the marketing director of Czech gas company said.

MOSCOW, December 2 (Sputnik) – The consequences of scrapping the South Stream gas project could be disastrous for some European states, the marketing director of Czech gas company Vemex told Sputnik Tuesday.

“Cancellation of the [South Stream] project spells a disaster for the Baltic States, namely Bulgaria and Serbia, as well as for Hungary and Austria,” Hugo Kyselka said.

“I mean, first of all, the actions of the Bulgarian government and its European “associates”, who have deliberately “sunk” the [South Stream] project. They have all made a huge blunder and caused real damage to the European energy security,” he added.

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