Russia Confirms Readiness to Build South Stream in Case of Guaranteed EU Demand for Gas

World » RUSSIA | June 28, 2016, Tuesday // 22:02
Bulgaria: Russia Confirms Readiness to Build South Stream in Case of Guaranteed EU Demand for Gas

Russia is ready to build the South Stream gas pipeline if the EU provides guarantees about demand, the country's Energy Minister Alexander Novak has said.

"If Bulgaria and the European Commission officially confirm their interest and guarantee the relevance of the pipeline’s construction and creation of such capital-intensive infrastructure we’ll be able to ensure the construction and supplies of gas required," TASS quoted Novak as saying in an interview broadcast by the Russia-24 TV news channel on Tuesday.

Novak said earlier on Tuesday that Russia was ready to ensure additional gas supplies to southeastern Europe, including in case of consumers' interest in the stalled Turkish Stream gas pipeline project.

Russia said in december 2014 that it abandoned the South Stream project designed to carry Russian gas under the Black Sea to EU member Bulgaria due to competition objections from the European Commission and announced it would replace South Stream by an alternative route via Turkey.

The new project, called Turkish Stream, has been stalled since December 2015 over the downing of a Russian warplane by the Turkish Air Force near Turkey’s border with Syria.

 

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Russia » Be a reporter: Write and send your article
Tags:   Bulgaria, Russia, gas, South stream, Novak, Turkish Stream, Black Sea

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria