South Stream partnership kicks off

Yesterday, in Moscow, Economy Minister Adriean Videanu expressed Romania’s availability to provide Russia with the data it would need for the preparation of the feasibility study for the development of the South Stream gas pipeline. The results of the study will be discussed during a visit the head of the Russian giant Gazprom, Aleksei Miller, will make to Bucharest in August, Agerpres informs.

‘My talks with Chairman Aleksei Miller and with Deputy Chairman Aleksandr Medvedev were held in an extremely positive and optimistic key,’ Videanu said.

The minister also reported that five major topics had been on his agenda during the visit, one of which being the gas storages. Romania expects to complete the development of the facilities towards the end of the year and has taken into account the fact that the feasibility study for the Roman-Margineni storage facility would be done by October. The second topic was energy production, sector in which Gazprom is interested in investing alongside Romgaz. A third subject of the talks with the Gazprom officials was the gas transit, where the parties agreed that a technical delegation from Transgaz would travel to Moscow on July 6 to finalise negotiations on the gas transit to the Balkans. The Romanian delegation and the Gazprom heads also looked into the opportunity of setting up a direct relation between Romgaz and the Russian gas company from 2012 onwards.

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