Gazprom Says to Press Ahead with Laying South Stream Gas Pipeline
LONDON, March 11 (Reuters) – Russia's Gazprom said on Tuesday it would press ahead with laying its massive South Stream natural gas pipeline which aims to pump gas to central and southern Europe later this decade and avoid passing through Ukraine.
"South Stream is confidently moving ahead. Agreements on the laying of the first leg of the pipeline will be signed before the end of March, as well as agreements on the supplies of pipelines for the second leg," Gazprom said in a statement after South Stream's board meeting.
The announcement came a day after the European Commission suspended discussions with Gazprom over important approvals that South Stream still needs to comply with EU legislation, including obtaining exemptions from rules that limit pipeline ownership and require access be provided to other gas firms or utilities.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Gazprom's Second Quarter Profit Soars On Rising Energy Prices, Sales (Aug 29)
- Russian Gas Exports Hit a New Summertime Record (Jul 17)
- Trump: US to Compete With Russia for Europe Gas Market (Jul 16)