Thursday March 5, 2015 Search
Weather | Athens
20o C
11o 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)  
Greece cannot rely on ECB to dodge funding crunch, Draghi says
ECB keeps rates unchanged as investors await QE details
Unemployment edges up to 26 pct in December
Where Greece hopes to find cash - and why the ECB says no
Kasidiaris refuses any involvement in Baltakos recording
Golden Dawn MP Ilias Kasidiaris on Thursday faced an investigative magistrate in a case involving the secret recording of a conversation with former cabinet secretary Panayiotis Baltakos, a ...
Alleged Xeros accomplice refuses to answer magistrate´s questions
Angeliki Spyropoulou, 22, faced an investigative magistrate on Thursday but refused to answer any questions regarding charges brought against her for allegedly acting as an accomplice of con...
Inside News
SOCCER
Super League restarts, but behind closed doors
Deputy Minister for Sports Stavros Kontonis announced on Wednesday the resumption of the Super League this weekend after it was suspended last week following crowd trouble at the Athens derb...
SOCCER
Marinakis fines Olympiakos players
Olympiakos president Evangelos Marinakis on Monday fined the team 500,000 euros for disappointing performances and called on them to make a «sacrifice» to win trophies or leave. "Olympiakos ...
Inside Sports
COMMENTARY
Greek-Turkish relations
There are other issues beyond those focusing on the economy that the government, formerly of the “Indignants” and currently adapting – willingly or unwillingly – to eurozone realities, is fa...
EDITORIAL
Government policy
The issue of irregular immigration is taking on serious dimensions on an international level, while in Greece it is bordering on crisis levels. The government’s duty is to handle the issue w...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greece cannot rely on ECB to dodge funding crunch, Draghi says
2. ECB keeps rates unchanged as investors await QE details
3. Kasidiaris refuses any involvement in Baltakos recording
4. Alleged Xeros accomplice refuses to answer magistrate´s questions
5. Unemployment edges up to 26 pct in December
6. Where Greece hopes to find cash - and why the ECB says no
more news
Today
This Week
1. Greek-Turkish relations
2. Greece struggles to make debt math work amid bailout standoff
3. Greece seeks to plug its 'Bermuda Triangle' of lost taxes
4. Greece has backup plan if March bailout cash fails to arrive, says Varoufakis
5. Draghi details sought as ECB's QE plan poised to be fleshed out
6. Government policy
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. A fierce battle looms
3. SYRIZA feeling the pain
4. The Greek tax drama
5. The unlikely winners of Greece's surrender on euro
6. Varoufakis to make six reform proposals at Monday's Eurogroup
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.