Russia Will Build South Stream if Europe Wants to Reduce Gas Transit Risks - Minister
Russia will build the South Stream pipeline if Europe needs to diminish transit risks and secure stable gas supplies, according to Russia’s Economic Development Minister Alexey Ulyukayev.
Ulyukayev, as cited by ITAR-TASS, suggested that the South Stream gas pipeline project would only be built if European consumers wanted to reduce transit risks.
He told journalists that in the case of dropping plans to build the South Stream gas pipeline, Europe would have to take the risk of disruptions to guaranteed gas supplies.
He was adamant that that the plans to build a gas pipeline to China had nothing to do with the fulfillment of Russia’s obligations to European consumers.
Ulyukayev made clear that the matter involved natural diversification and balance of supplies, adding that Russia had enough gas for both the East and the West.
The European Commission has opposed the project, stressing that it is incompatible with the EU’s Third Energy Package.
Bulgaria suspended the construction of the local section of the pipeline after the European Commission launched an infringement procedure against the country over the lack of transparency in the selection of a contractor.
The construction of the undersea section of the South Stream gas pipeline has been scheduled to start in mid-December.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Bulgaria Sees Surge in Solar Power and Coal Plant Decline in 2023 Electricity Report
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
Europe Natural Gas Prices Surge to EUR 29/MWh Following Russian Attack on Ukrainian Facility
Natural gas prices in Europe experienced a significant spike, surpassing 2% to reach 29 euros per megawatt-hour (MWh) on Monday
Ukraine Eyes Nuclear Reactor Deal with Bulgaria Amid Energy Crisis
Amidst Ukraine's urgent need for additional power sources following the closure of the Russian-controlled Zaporizhzhia nuclear power plant
Bulgaria Advances Cooperation with USA for Kozloduy NPP Expansion
Bulgarian lawmakers have taken a significant step toward bolstering the nation's energy infrastructure by advancing cooperation with the United States for the construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant
Bulgarian Parliament Ratifies Agreement with US for Kozloduy NPP Technology
The Bulgarian Parliament has ratified the Agreement between the Government of the Republic of Bulgaria and the Government of the United States on cooperation regarding the construction of nuclear power at the Kozloduy Nuclear Power Plant
US Sees Gas Pipeline Through Bulgaria as Key Energy Initiative in Region
During a forum in Alexandroupolis, US Assistant Secretary of State for Energy, Jeffrey Payatt, highlighted the significance of a gas pipeline project through Bulgaria as the next pivotal step for energy development in the region