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

Sea Stretch of South Stream Delayed for 1 Month
28.11.2014 18:13
Sea Stretch of South Stream Delayed for 1 Month
Photo Credit: http://valdaiclub.com

The construction of the maritime stretch of the South Stream pipeline has been delayed for a month, said Vladimir Markov, a member of Gazprom’s management board. He did not specify the reasons for the hiccup, but indicated they are of purely technical nature.

      He dismissed claims that the project has been affected by the international sanctions and maintained that the construction will be completed on time.

      Analysts do not consider a one month delay a considerable issue.

      The South Stream project is aimed at strengthening the European energy security. It is the key project in the diversification strategy for gas supply routes to the EU. The South Stream gas pipeline will ensure a direct connection between hydrocarbons suppliers and consumers thus raising significantly the energy supply security on the entire European continent.

      Experts share the opinion that in the medium and long term gas demand will grow in the European Union. The countries which used to consume moderate amounts of gas for industrial purposes are likely to guide their economies towards its increased utilization, since coal, fuel oil and nuclear power are less environmentally-friendly if compared to natural gas. Regardless that indigenous production still satisfies the bulk of consumption in Europe today, it will steadily decrease in time. Europe will need more imported gas and, accordingly, new transmission capacities.




Author: Mikhail Vesely

Tags:      

Next Previous


You might also find interesting:

A Special Group in the UK will Monitor Financial Flows from Russia
27.01.2019







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Mercedes-Benz Fashion Week Russia  Russian Bears  Tver  Russian national hockey team  Novosibirsk Museums  Russian national team  Yaroslavl   Russian Cinema  Sergey Bezrukov  public transport  Moscow transport  Festivals in Moscow  Leo Tolstoy  Open-Air Concerts  Zenit FC  the Urals region  Tikhaya Bay  Book of the Year  Klyuchevskoy Volcano  Photography  Nanosatellites   Russian business  Republic of Tatarstan  Russian regions  Exhibitions in Moscow  Dagestan  Tyumen  India  Museum of Private Collections  Augmented Reality  Russian Composers  Ryazan  Yevgenia Kanaeva  contemporary art  Orbiting Garbage  The Romanov Family  Chulpan Khamatova  Sochi 2014  Dziga Vertov  St. Petersburg  Baikal  New Films  Old Ladoga  Russian tourism  travel to Russia  Russian fashion designer  Moscow  International Media Art Festival "Cyberfest"  Red Square  Sergei Shoigu 


Travel Blogs
Top Traveling Sites