Russian Energy Minister: We Will Proceed with South Stream
Russia’s Energy Minister Aleksander Novak revealed that the South Stream gas pipeline project is moving forward.
“Russia continues realizing the project in compliance with the intergovernmental agreements. The work cannot be suspended”, Novak said, quoted by ITAR-TASS.
The statement comes a day after the European Parliament adopted a resolution for halting the South Stream construction and revising agreements on the project with Russia.
Nonetheless, Novak confirmed that Russia will continue its consultations with the European Commission in order to reach a mutual agreement on the pipeline.
Bulgaria is one of the countries affected by this, as the pipeline is set to pass through its territory. The country could face EU fines over a recent amendment passed in Parliament, which gives the Bulgarian section of South Stream the status of “interconnector”, which excludes it from European legislation.
- » Construction of South Stream Underwater Section to Start December 15
- » Israel 'to Offer Gas Pipeline Project' to EU
- » Bulgaria to Receive EUR 25 M in Kozloduy NPP Decommissioning Aid in 2015
- » Foreign Ministers of Serbia, Hungary Cite South Stream as Project of Mutual Interest
- » South Stream 'No Longer A Priority' for Italy
- » Construction Permit, Environmental Impact Assessment of Belene NPP Expire