Friday October 31, 2014 Search
Weather | Athens
18o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greece an alternative route for South Stream, report suggests

Russian energy firm Gazprom has prepared an alternative plan for the prospective South Stream natural gas pipeline’s route in the event that the project does not pass through Bulgaria, as originally intended, according to a Russian newspaper report.

The South Stream project, whose final destinations are seen being Italy and Austria, could pass through Greece and Turkey rather than Bulgaria, Russian newspaper Vzglyad noted on Monday.

Bulgaria’s interim government, which assumed control of the country on August 6, recently halted work on the project’s Bulgarian segment after being warned by the European Commission that it would be penalized if a bilateral agreement with Moscow on the project’s construction, deemed by the European Union’s executive body as a breach of EU law, were not renegotiated.

According to the Vzglyad report, Russian President Vladimir Putin had strongly suggested during a meeting with journalists late last May that alternative plans for the pipeline’s route were possible.

The newspaper article also quoted Turkish Energy and Natural Resources Minister Taner Yildiz as saying that Ankara supported the idea of a South Stream corridor through Turkey, rather than Bulgaria.

Likewise, Greek Energy Minister Yiannis Maniatis had asked Gazprom officials to examine the option of a South Stream corridor through Greece during talks at a recent energy conference in Athens.

Sources contacted by the Russian newspaper said that a route through Turkey was not a top preference for Moscow, as it was longer and Russia would prefer it to go via Serbia and Hungary.

Bulgaria is currently believed to be making revisions that would bring the project in line with EU law, before it seeks to restart development. The European Commission has commended the effort.

The European Union is believed to be preparing for talks with Bulgarian officials on the matter to ensure that it is realigned with EU law.

Also, Bulgaria Energy Holding, the firm responsible for the South Stream project’s Bulgarian segment, has suspended competitive bidding procedures and the signing of any contracts relevant to South Stream, the company has announced.

ekathimerini.com , Wednesday August 20, 2014 (21:25)  
Power rates soared 60 pct in six years
NBG chairman sees risks to recovery
Greek consumers shift toward money saving
IMF could offer know-how in backup plan for Greece
Man shot dead, woman injured in Vathis square attack
A 42-year-old man was shot dead and a woman was slightly injured after two unidentified men in a vehicle rode past a cafeteria in Vathis Square, central Athens, and opened fire in the early ...
A year after GD members shot dead, police have no leads
A year after two members of neofascist Golden Dawn were shot dead outside the party’s offices in Neo Iraklio, north of Athens, police sources admitted that they have no leads to the killers....
Inside News
BASKETBALL
Obradovic watches Greens thrash his Fenerbahce
The second homecoming of former Panathinaikos coach Zeljko Obradovic, now at Fenerbahce, was not as emotional as last year’s, but it was certainly was the night of an emphatic triumph for th...
SOCCER
Berg returns to add spice to Panathinaikos´s Cup win
The second round of games for the group stage of the Greek Cup produced plenty of interesting games and results in midweek, but it still lags the upset potential that the knock-out stages of...
Inside Sports
COMMENTARY
The judiciary’s responsibility
The reform efforts over the past few years have begun to bear fruit. Greece has improved its standing in the World Bank’s Doing Business rankings, rising 48 positions from 2010 to 61st place...
EDITORIAL
Findings raise eyebrows
An investigation into money transferred to foreign banks by civil servants since 2010, when Greece’s brutal debt crisis erupted, has come up with some striking findings. The checks, which we...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Man shot dead, woman injured in Vathis square attack
2. Obradovic watches Greens thrash his Fenerbahce
3. Berg returns to add spice to Panathinaikos´s Cup win
4. Power rates soared 60 pct in six years
5. NBG chairman sees risks to recovery
6. Greek consumers shift toward money saving
more news
Today
This Week
1. Man shot dead, woman injured in Vathis square attack
2. Greek euro dilemma is back as minister predicts volatility
3. Students hijack university senate meeting
4. Clientelism belongs to the past, says Mitsotakis
5. European stocks tumble as banks decline after Enria’s comments
6. Civil servants to be investigated for transferring money abroad
Today
This Week
1. Austria’s creative bookkeeping beats Greece on secret debts
2. End of reason, end of humanity
3. Clean bill of health for Greek banks from stress tests
4. Samaras pledges action after flash floods in Athens
5. Eurobank, National Bank restructurings eliminate capital gap
6. Athens flood damage assessed, compensation payments to begin
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.