Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

South Stream Project May Get Off Ground After Ukraine's U-Turn
20.01.2014 11:43
South Stream Project May Get Off Ground After Ukraine's U-Turn
Photo Credit: http://www.gazprom.com

The South Stream pipeline project is expected to accelerate after the EU has backpedalled on its tough demands in the face of unruly Ukraine, says Vedomosti.

      Moscow and Brussels are prepared to work together towards a solution that would no longer require a revision of state-level treaties with transit countries, as was previously demanded.

      The statement was made by the representatives of the Russian Energy Ministry and the European Commissioner for Energy, Guenther Oettinger after bilateral talks in Moscow on Friday.

      The move comes after Ukraine has turned down the Association Agreement with the EU.

      Earlier, Brussels officials lashed out at the South Stream project, set to bypass Ukraine, for not complying with the Third Energy Package and demanded that transit countries, including Bulgaria, Serbia, Hungary, Slovenia and Croatia revise or cancel their agreements with Russia, a requirement they refused to meet.

      South Stream is a pipeline project with an annual throughput capacity of 3 billion cubic meters that would run under the Black Sea to Europe. Similar to Nord Stream that has already been launched, it was designed to remove unreliable Ukraine out of the gas supplies equation.

      Unlike Vedomosti, Ukrainian news agency LigaBiznesInform is not that optimistic. According to it, the negotiations with European Commissioner for Energy Guenther Oettinger were very brief and didn’t yield any results.

      The next possible round of talks on South Stream could take place on January 28, 2013 in Brussels at the Russia-EU summit. Many experts have been skeptical about any significant progress after a bitter war over Ukraine’s economic future. 




Author: Mikhail Vesely

Tags: Gazprom South Stream Nord Stream   

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit



TAGS:
Silver Patination  Russian festivals  Miss Tourism   Internet Festival of Young Readers  Russian scientists  Moscow hotels  Russian tourism  Boris Berezovsky  Ryurik Dynasty  Mercedes-Benz Fashion Week Russia  House of Russian Abroad  Vostok  investment  Festivals in Saint Petersburg  Ballad of a Soldier  Russian science  Marc Chagall  Russian children  Cheboksary  Leo Tolstoy  Theatre Premieres  Russian fashion  Operetta Park Festival  Russian events  ratings  opening ceremony  All-Russian Museum of Decorative-Applied and Folk Art  Moscow  Book Tickets for Ballet  Exhibitions in Moscow  Mariinsky theatre  mobile charging points  Concerts in Moscow  Unusual Monuments  Ryanair  Russian economy  Russian national team  Russian business  NOVATEK  Painting  Russian Avant-Garde  Komsomolsk-na-Amure  Russian technologies  Penza  Russian Cinema  St. Petersburg  fashion designer  Russian cuisine  Yekaterinburg  Tomsk 


Travel Blogs
Top Traveling Sites