The Global Intelligence Files,
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The Global Intelligence Files

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# The Global Intelligence Files

On Monday February 27th, 2012, WikiLeaks began publishing The Global Intelligence Files, over five million e-mails from the Texas headquartered "global intelligence" company Stratfor. The e-mails date between July 2004 and late December 2011. They reveal the inner workings of a company that fronts as an intelligence publisher, but provides confidential intelligence services to large corporations, such as Bhopal's Dow Chemical Co., Lockheed Martin, Northrop Grumman, Raytheon and government agencies, including the US Department of Homeland Security, the US Marines and the US Defence Intelligence Agency. The emails show Stratfor's web of informers, pay-off structure, payment laundering techniques and psychological methods.

## INSIGHT - BULGARIA/RUSSIA - relations & energy

Released on 2012-03-02 10:00 GMT

Email-ID | 1717183
Date | 2010-07-26 19:02:48
From | michael.wilson@stratfor.com
To | analysts@stratfor.com, briefers@stratfor.com
List-Name | analysts@stratfor.com

CODE: RU106
PUBLICATION: yes
ATTRIBUTION: STRATFOR sources in Gazprom
SOURCE DESCRIPTION: Head of Gazprom (dis)Information
SOURCE RELIABILITY: C
ITEM CREDIBILITY: 3
DISTRIBUTION: Analysts, briefers
HANDLER: Lauren
Bulgaria is Russia's Trojan Horse in the EU. The relationship between
Russia and Bulgaria may be occasionally cold, but they will always be
Slavic brothers at the end of the day.
There are two reasons for the recent cooling of relations was that
Bulgaria.
1) First is that Bulgaria was the worst hit country during the 2009
natural gas cut off.
2) Second is the change in government. Stanishev had been a good
little brother, since he is from Ukraine and spoke perfect Russian.
Borisov is not as interested in Russia as a big brother.
This has affected relations in 3 areas:
1) first, Bulgaria is pulling out of the Orthodox Pipeline (We're
calling Bourgas-Alexandroupolis the "Orthodox Pipeline" now. Since it
involves so many Slavic Orthodox countries.)
2) second, Bulgaria is not continuing the Belene project. This is not
so much about the cooling of relations as financial reasons on the
Bulgarian side. The Germans were suppose to pay for the plant, but
withdrew and since then Sofia cannot find the funds for the plant. Moscow
has offered to pay for Sofia's portion, but the Bulgarians do not want it
to be Russian-owned.
3) Lastly is South Stream. This last issue is the one that is very
interesting. First Bulgaria said that the terms for South Stream were
unacceptable. But it has now changed its mind for 3 reasons.
a. Sofia's attention to South Stream snapped back when Russia
turned to Romania instead. Russia has other options.
b. Bulgaria does not want to burn every bridge with its former
brother. This is one that is best out of the three projects in their eyes.
c. Bulgaria is now striking a larger deal with Russia on
natural gas. This next month Russia and Bulgaria economic and energy
ministers will continue and solidify energy talks. Thus far the plan
is for Bulgaria to formally sign the remainder of the documents from
mid-July on committing to South Stream. In return Bulgaria will receive a
large natural gas price cut.
The bilateral deal on the natural gas price cut is that Bulgaria's
Bulgargaz will directly purchase gas from Gazprom instead of the three
middlemen (Overgas, Wintershall and Gazpromexport). This will lower the
price from the $576 per tcm to $339 per tcm. Negotiations on this
bilateral deal will begin August 10.
--
Lauren Goodrich
Director of Analysis
Senior Eurasia Analyst
Stratfor
T: 512.744.4311
F: 512.744.4334
lauren.goodrich@stratfor.com
www.stratfor.com
--
Michael Wilson
Watch Officer, STRAFOR
Office: (512) 744 4300 ex. 4112
Email: michael.wilson@stratfor.com