Sunday April 19, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
EU seeks compromise with Gazprom on South Stream gas-pipe plan

The Energy Community, a European Union policy group, said Russian gas exporter OAO Gazprom should strike a deal with the bloc on its planned South Stream pipeline to avoid wasting money on a project that falls foul of EU law.

Russia’s agreements to build South Stream with countries including Austria, Greece, Hungary and Serbia are unlawful, Dirk Buschle, deputy director of the Vienna-based group, said in the Serbian capital Belgrade. A compromise is possible, he said.

Gazprom in December vowed to continue construction of its South Stream pipe to Europe, saying EU legal concerns could be clarified as the project moved ahead. The bloc’s regulatory arm called on member states to renegotiate their intergovernmental deals with Russia on the venture, saying the accords breached EU law on pipeline management, third-party access and pricing.

The agreements between Russia and EU members give Gazprom “100 percent control,” violating the bloc’s free-market rules, Buschle said yesterday in an interview. South Stream was declared illegal by the EU last year.

Russia has said the $20 billion project to send gas to central Europe across the Black Sea and the Balkans would improve EU energy security as the pipe would bypass Ukraine, where price disputes have disrupted exports in recent years.

A compromise similar to the EU’s deal over the Trans- Adriatic Pipeline is achievable, Buschle said. That project, known as TAP, struck an agreement in May to negotiate long-term ship-or-pay contracts with exporters of Azeri gas.

It’s possible to balance public and investor interests, Buschle said. “It’s been done with TAP.”

Ukraine, embroiled in a political crisis that’s seen deadly clashes between police and protesters this week, has in the past defended its position as the main transit route for Siberian gas, calling South Stream plans “wasteful and unnecessary.”

Ukraine is a member of the Energy Community, which was set up in 2006 to help liberalize energy markets and enact EU legislation related to gas, power and the environment.

“One of the guiding reasons for Ukraine to join the Energy Community was to get rid of South Stream, considered as a vital threat to their interests,” Buschle said. [Bloomberg]

ekathimerini.com , Friday February 21, 2014 (14:37)  
US Treasury secretary urges Greece to reach debt deal
Greece poised to sign gas deal with Russia, says German weekly
Russia gas deal would not solve Greece’s problems, says Schaeuble
Spanish official slams Greece, says time ´running out´
Kotzias to begin US visit with Kerry meeting in Washington
Foreign Minister Nikos Kotzias is due to begin a five-day visit to the US on Monday. He will begin his trip by meeting Secretary of State John Kerry in Washington, where he will also hold ta...
Turkey asks for investigation into Greek mosque attacks
The Turkish Foreign Ministry has asked Greece to investigate the vandalism of two mosques in Komotini following incidents on Friday. “Turkey requests Greek authorities to clarify as soon as ...
Inside News
BASKETBALL
Triumph for Olympiakos at Barcelona
Olympiakos produced its best away performance so far this season to defeat host Barcelona 76-63 on Friday and snatch the home advantage in the Euroleague play-offs. The Reds have now tied th...
BASKETBALL
Another heavy loss for improved Panathinaikos in Moscow
Panathinaikos raised its performance since Tuesday but still suffered a 20-point loss at CSKA Moscow on Thursday to find itself trailing 2-0 after Game 2 of the Euroleague play-offs. Having ...
Inside Sports
COMMENTARY
Back to the beginning
From 1980 up until the present day, the Greek educational system has given a false sense of democratization based on a flawed system of educator and student participation. The educational ou...
EDITORIAL
Protecting a key asset
Tourism has emerged as the only real “heavy industry” in Greece to have weathered the crisis so it is not only a question of duty that everyone protect it but also interest. To begin with, m...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. US Treasury secretary urges Greece to reach debt deal
2. Greece poised to sign gas deal with Russia, says German weekly
3. Russia gas deal would not solve Greece’s problems, says Schaeuble
4. Spanish official slams Greece, says time ´running out´
5. Kotzias to begin US visit with Kerry meeting in Washington
6. Turkey asks for investigation into Greek mosque attacks
more news
Today
This Week
1. Back to the beginning
2. Terrorism suspects caught following German request
3. Golden Dawn on trial amid conflict over court venue
4. US Treasury secretary urges Greece to reach debt deal
5. Greece poised to sign gas deal with Russia, says German weekly
6. Turkey asks for investigation into Greek mosque attacks
Today
This Week
1. Quarantine for Greek bank subsidiaries in neighboring countries
2. Greek finance ministry hits back at German newspaper report
3. Time to get serious
4. 'Civil war' brewing over disputed Greek goldmine
5. In the shadow of Greek prison, locals dread Golden Dawn trial
6. Putting off payments led to Q1 budget primary surplus
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.