Announcement

Collapse
No announcement yet.

Moscow Presents South Stream Gas Pipeline In Brussels May 25

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Moscow Presents South Stream Gas Pipeline In Brussels May 25

    MOSCOW PRESENTS SOUTH STREAM GAS PIPELINE IN BRUSSELS MAY 25

    PanARMENIAN.Net
    May 25, 2011 - 10:14 AMT

    Russian Energy Minister Sergei Shmatko has said that Moscow wants the
    European Union to view the proposed South Stream natural gas pipeline
    as a part of its transnational pipelines.

    He said he will ask European leaders on Wednesday, May 25, in Brussels
    to consider South Stream a continuation of existing networks so
    third parties are prohibited from accessing the new pipeline, RIA
    Novosti reports.

    "We create large trans-border gas pipelines but can't sign long-term
    contracts although the Europeans themselves are not against long-term
    agreements," he said. "We propose that the EU consider South Stream
    as a continuation of our trans-border trunk gas pipelines and ban
    the access of third parties to it."

    About 80 percent of the Russian natural gas bound for European markets
    transits Ukraine.

    South Stream is planned to move more than 2 trillion cubic feet of
    natural gas to Europe per year after it passes through the Turkish
    waters of the Black Sea. Gas flows are expected by 2015.

Working...
X