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:
Moscow State University  physics  Russian tourism  Cafe Sharlau  Russian sportsmen  films  Internet piracy  Leningrad Blockade  Exhibitions in Moscow  Moscow planetarium  Russian FMCG market  Russian universities  Russian business  Old Russian House  Russian gas  Russian opera singers  St. Petersburg Museums  Paleontology  Museums in Yaroslavl  Penza  Sochi 2014  the Volga Region   Russian science  Nature Sanctuaries  Russian scientists  National Russian Dishes  New Year  accommodation in Russia  May 9  Moscow Subway  Russian Cinema  Medicines  Victoria Tokareva  Kaliningrad Region  Russian economy  Mercedes-Benz Fashion Week Russia  Kievsky Railway Station  Moscow  St. Petersburg  Multimedia  Russian opposition activists  Promo Industry  Concerts in Saint Petersburg  Elections 2012  Crowdfunding  Mikael Tariverdiev Organ Competition  Censorship  Spring Flower Festival  Elbrus  Vnesheconombank  


Travel Blogs
Top Traveling Sites