Commissioner Oettinger: South Stream Is 'Interesting'

Business » ENERGY | November 15, 2012, Thursday // 18:55| Views: | Comments: 2
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Bulgaria: Commissioner Oettinger: South Stream Is 'Interesting' European Commissioner for Energy, German Guenther Oettinger. Photo by EPA/BGNES

The European Commission will have a "constructive attitude" towards Russia-sponsored South Stream gas pipeline project, stated EU Energy Commissioner Guenther Oettinger.

"When the pipeline reaches the territory of the EU, it will have to comply with EU energy regulations," said Oettinger in an interview for the Bulgarian National Radio Thursday.

Thursday Bulgaria and Russia signed an investment agreement on Bulgaria's participation in the project.

"South Stream is a very interesting project, which the European Commission is ready to address constructively," explained the commissioner.

He added that the EC still does not have many details regarding the project, including routes, capacities and final destination of the pipes.

"What is more, whe still do not know whether it will be asked that South Stream be expempted from the EU's Third Energy Package on unbundling of ownership," added Oettinger.

He said that should such an exemption be requested, the EC is ready to negotiate and to be both strict and just.

The EU Energy Commissioner said the stage is too early to assess the project and its impacts further in detail.

End of October, EurActiv published a report saying that EC officials were puzzled by the speed at which South Stream is being implemented.

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Tags: Guenther Oettinger, South stream, natural gas, EU, EC, European Commission, Russia, Russian
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» To the forumComments (2)
Jerry - 18 Nov 2012 // 14:28:21

Hey Commissioner Oettinger!

Remember Bulgarian Ground Water flows upward to your sinks and kitchens in Europe that contain Bulgarian Organic Soil Waste that can become usable as GAS.

Now let us define what is sustainable and what is European ignorance without love causing CLIMATE CHANGES that one day will grow coconuts in Paris.i

Jerry - 15 Nov 2012 // 19:29:16

It would be very nice if the European Commissioner and the South Stream Project defines the environmental issues that must be addressed, especially in Bulgaria.

It would be nice to know the effects on renewable energy and its efficiencies that leads to an environmental sustainable project.

Think how garbage and organic materials littering the soil of Bulgaria and now, South Stream sounds like one big hurricane that will blow all our gases away.

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