Key South Stream Shareholder Doubts Its Future
The future of the South Stream pipeline is unclear and probably it will not be realized soon, said the head of the Italian company Eni, Paolo Scaroni.
Eni is one of the key shareholders in the project and holds 20% of its shares. Eni is the largest Italian gas company and the main distributor of gas from Russia's Gazprom in Italy.
“I see a very unclear future, because the Russian problem might hinder the necessary EU permits,” Scaroni said in Italian parliament. “I don't know if South Stream will ever be built.”
Last week the EU Energy Commissioner Gunther Oettinger said that the high level talks on the future of the pipeline on EU territory are frozen, because of the Russian aggression in Crimea.
Gazprom, however, said that the project is going ahead and it will be completed in 2018.
- » Bulgaria, Russia Sign Debt Settlement Deal on Belene Nuclear Project
- » Service Life of Unit 5 of Bulgaria’s Kozloduy NPP Extended Until 2047
- » Bulgaria's Energy Min Defends Predecessor in Belene Nuclear Case
- » Fuel Prices in Bulgaria Not To Increase This Winter
- » First Sections of North Stream 2 To Be Ready in November
- » Bulgaria MPs Set Up Committee to Investigate Fuels Market, Bobov Dol Mine