"It is important to understand whether it is a warning from Russia and whether there will be some other options. May be, we will still manage to reach an agreement with the European Commission," member of the National Assembly of Bulgaria Yanaki Stoilov said.
On December 1, Russian President Vladimir Putin said that Russia was not willing to continue with the South Stream project in light of the European Commission's "non-constructive" stance on the matter. Russian energy giant Gazprom CEO later announced that Russia was terminating the project due to the EU opposition to it and had no plans to revive it.
The European Commission has taken a critical stance on the project. Brussels has long endeavored to hamper the project, saying it violates the European Union's Third Energy Package, which stipulates that pipelines in its member countries cannot belong to natural gas producers. Moscow insisted that the construction of the pipeline does not contradict the regulations.
