35% of Russian Gas for Europe to Go through South Stream in 2015

Business » ENERGY | June 26, 2009, Friday // 17:04
Bulgaria: 35% of Russian Gas for Europe to Go through South Stream in 2015 The Gazprom President, Alexei Miller, attending the annual shareholder's meeting in the headquarters office in Moscow, Russia, 26 June 2009.

EU's aiming at diversification of its natural gas supply routes might actually affect their stability and reliability.

This was said Friday by Alexei Miller, the President of the Russian energy giant Gazprom, as quoted by BTA.

Miller declared that in 2015, 35% of all Russian gas exports for Europe would go through the South Stream transit pipeline.

The construction of South Stream is expected to be completed by 2013.

Its route goes through Bulgaria where it is supposed to cross paths with the EU sponsored Nabucco pipeline. From Bulgaria, South Stream will split into two pipes - one for Italy and one for Austria.

The aim of the new pipeline is to eliminate the Ukraine and Turkey as transit countries as the it will go from Russia straight to Bulgaria through the Black Sea.

 

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Tags: Nabucco, Gazprom, Alexei Miller, South stream, gas supplies, Russia

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