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Russia’s Gazprom revives plans to build South Stream to Austria
zino wrote:Probably already posted in others threads but:
EU demands that Bulgaria suspend South Stream works
http://en.itar-tass.com/economy/734453
Russia’s lawsuit with WTO disrupted South Stream group’s work
http://en.itar-tass.com/economy/734593
I'm too tired to comment on. Feel free to contribute.
He made this statement after a meeting with a delegation of U.S. senators, among whom was John McCain. U.S. senators visited Bulgaria this weekend as part of a tour of Eastern Europe.
Viktor wrote:Bulgaria has fallen to McCain
Bulgarian Prime Minister ordered to suspend work on the "South Stream"
He made this statement after a meeting with a delegation of U.S. senators, among whom was John McCain. U.S. senators visited Bulgaria this weekend as part of a tour of Eastern Europe.
Viktor wrote:Interesting. EU will ask Russia to respect its 3rd energy package laws and than offer to execpt South Stream from that laws - I guess they are really worried by that WTO lawsuit![]()
EU called the condition of resuming construction of the "South Stream"
Austria and Russia sign South Stream gas pipeline treaty
Russia and Austria have agreed on a joint company to construct the Austrian arm of the $45 billion South Stream gas pipeline project, which is expected to deliver 32 billion cubic meters of Russian gas to the country, bypassing Ukraine.
In April, Gazprom and the OMV Group signed a memorandum to implement the South Stream project in Austria.
“So far [Austria, Ed,] takes a very clear position, avoiding pressure from the European Commission and in general, public opinion in Europe that wants to halt or even stop the project. At the same time it [Austria, Ed] has enough political clout to promote this project. It’s not Bulgaria, which on its own cannot defend itself,” Fyodor Lukyanov chairman of Russia’s Council on Foreign and Defense Policy said, as quoted by RIA Novosti.
There has been controversy over South Stream, as is it needs EU approval so that it doesn’t violate Europe’s ‘Third Energy Package’, which says a company cannot both own and operate pipelines within the European Union.
Bulgaria and Serbia, countries nearly 100 percent dependent on Russian gas, have faced pressure from the EU to halt construction.
Ahead of Putin’s visit to Vienna, Austrian ministers said they remained committed to Russia’s South Stream project and that they plan to speed it up.
The geopolitical conflict in Ukraine has also complicated the South Stream project, as EU energy lobbying groups are campaigning against the project, to lessen Europe’s dependence on Russia.
South Stream will deliver gas to Europe bypassing Ukraine, which is seen as an unreliable transit state.
The 2,446 km pipeline will stretch across southern and central Europe, with the first section expected to open in 2015, and be fully operational between 2018-2019. The natural gas pipeline network will transport over 64 billion cubic meters of natural gas to Europe per year.
Gazprom has said the project, estimated to cost $45 billion, can be completed without any funding from international partners.
Gazprom is Russia’s largest producer of natural gas and provides roughly one third of Europe’s gas needs.
The head of the Russian Duma's International Affairs Committee, Aleksey Puskhov, wrote on Twitter on Tuesday that “Ukraine is in a long-term phase of unpredictability. Thus, South Stream is the only guarantee of uninterrupted gas supply to Europe."
http://rt.com/business/168044-austria-russia-south-stream/
George1 wrote:S Stream Cancellation Highlights Need to Find Other Gas Supply Routes – EC
Moscow’s decision to cancel South Stream gas pipeline project paved the way for search of alternative gas routes to southeastern Europe, European Commission Vice President Maros Sefcovic said Tuesday.
MOSCOW (Sputnik) – Sefcovic said in the interview with Russian Kommersant newspaper that Moscow did not discuss the decision to cancel the South Stream with its EU partners, and announced the move at the press conference. After this, Sefcovic said, it became clear that Europe needed to find a suitable alternative for gas deliveries to southeastern Europe.
Sefcovic also said that the European Commission established a special high-level group which develops gas transportation systems in central and southeastern Europe. First results of the group's work will be presented in June 2015, Sefcovic said.
In late 2014, Russia announced decision to cancel South Stream project. Russian energy giant Gazprom said the move was due to the European Commission’s claims that construction of the pipeline would violate EU anti-monopoly laws.
The South Stream will be replaced with the Turkish Stream pipeline, which would deliver gas to a hub on the Turkish-Greek border for further distribution to consumers in southern Europe.
Read more: http://sputniknews.com/business/20150421/1021156097.html#ixzz3Xzarshiq