Thursday May 28, 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)  
New measure to benefit tax dodgers
OTE planning to hire up to 500 employees
ENFIA to drop up to 30 pct this year
Drachma clause demands are a deja-vu for hoteliers
Athens, creditors offer conflicting views on negotiations
Prime Minister Alexis Tsipras said Wednesday that a deal with creditors was “close” and government officials said an agreement was being drafted but representatives of the country’s creditor...
Opposition presses PM over deal with lenders
Opposition parties urged Prime Minister Alexis Tsipras on Wednesday to seal an agreement with Greece’s lenders as soon as possible but also to inform them of what it plans to agree to. “What...
Inside News
SOCCER
Panathinaikos conquers PAOK through Tavlaridis goal
A Stathis Tavlaridis goal has brought Panathinaikos to practically within one point from clinching a spot in next season’s Champions League qualifiers, as the Greens made it three out of thr...
SOCCER
AEK Athens returns to top league after financial collapse
Greek club AEK Athens has just returned to the country's top soccer league, two years after financial collapse sent it to a lower league. One of the country's largest clubs, AEK sealed its s...
Inside Sports
COMMENTARY
Romantic notions meet reality
Before the elections, there was a considerable number of people who totally disagreed with the ideas and program put forward by SYRIZA, but they expected that the leftist party would, at lea...
EDITORIAL
Solving the Gordian Knot
The leftist-led government, as well as the country, have both been seriously damaged and exposed to risk from the evident indecision and repeated contradictions dogging the ongoing negotiati...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Panathinaikos conquers PAOK through Tavlaridis goal
2. New measure to benefit tax dodgers
3. OTE planning to hire up to 500 employees
4. ENFIA to drop up to 30 pct this year
5. Drachma clause demands are a deja-vu for hoteliers
6. ECB tells Athens to reach a deal
more news
Today
This Week
1. Some 300 mln left banks on Tuesday
2. Romantic notions meet reality
3. Target of Greek scorn shapes nation’s fate as IMF’s storm-chaser
4. The G-7's problem: Can the world deal with a Greek default?
5. Solving the Gordian Knot
6. FYROM PM blames Greece for name impasse
Today
This Week
1. Conspiracy madness
2. Hotel contracts with a ‘Greek default clause’
3. Neither Grexit nor a dual currency will solve Greece’s problems
4. No more 'quick and dirty' fixes for Greece
5. Merkel said to plan address for Greece if deal reached
6. Gov’t proposes bank transaction levy
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.