14 C
Bucharest
October 27, 2020
BUSINESS

Romania will not take Bulgaria’s place in South Stream project

Romania will not be able to take Bulgaria’s place in the South Stream project, but its gas pipe can have a ramification that might go either through the sea, or through Bulgaria, Russian company Gazprom chief Aleksei Miller recently said, according to RIA Novosti, quoted by HotNews. “Romania showed interest. A ramification could be built, either through the sea, or from Bulgaria. This is the idea for now,” Miller declared. He stressed that Gazprom led successful negotiations with Bulgaria and ensured the project is going according to plan. RIA Novosti underlines that, in order to carry out the South Stream project – initiated by the Italian group ENI and Gazprom to transport gas from Russia to Europe through the Black Sea, avoiding Ukraine – the Russian part has signed contracts with Bulgaria, Serbia, Hungary, Greece, Slovenia and Croatia. Gazprom announced in a release released in mid-February this year that Romania confirmed its interest in taking part in South Stream and sent the Russian part the data requested, needed to prepare the feasibility study for a possible route the gas pipe could take, namely through Romania. The announcement was made following a meeting between Gazprom vice-president Aleksandr Medvedev and Romanian Economy minister Adriean Videanu in Bucharest. Later, Russian press read that Romania might take Bulgaria’s place in the project.

Related posts

Tanasescu: Romania no longer needs new austerity measures in 2013

FIC President: ‘Do we want economic growth and foreign investments?’

Nine O' Clock

Enel reaches 1 million residential customers on the free electricity market in Romania

Nine O' Clock

Leave a Comment