Saturday Jan 31, 2015 Search
Weather | Athens
16o C
13o 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.

Russias 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 blocs 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 blocs 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 EUs 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.

Its possible to balance public and investor interests, Buschle said. Its been done with TAP.

Ukraine, embroiled in a political crisis thats 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)  
No lending to Greek banks if no deal by end of February: ECBs Liikanen
Greek markets plunge as SYRIZA digs in on challenge to austerity
Greek bank debt plummets as investors head for the exit
Increase in minimum salary is left aside for now
Greece seeks EU allies but Germany holds firm
Greeces radical new government on Saturday began a search for European allies forits anti-austerity agenda, but German Chancellor Angela Merkel once again ruled out debt relief for Athens. P...
Merkel rejects debt writedown for Greece
German Chancellor Angela Merkel and her finance minister have both ruled out a debt haircut for Greece, rejecting the new Greek government's demand to write off part of its 320 billion euro ...
Inside News
BASKETBALL
Panathinaikos preserves perfect home record
After yet another great performance at home, Panathinaikos defeated Galatasaray 86-77 in Athens on Friday to get to three wins in five games at the Euroleague top-16. The Greek champion shoo...
SOCCER
Gattuso: Unpaid OFI players couldnt buy food
Former coach Gennaro Gattuso has lifted the lid on the plight of crisis-club OFI Crete which has been banned from playing in the Super League until it clears mounting debts with its staff. T...
Inside Sports
INTERVIEW
SYRIZA must come up with pragmatic solutions, Schulz tells Kathimerini
SYRIZA must realize that it is now the Greek government, not a party running an election campaign, European Parliament President Martin Schulz, the first European official to visit Greece ...
COMMENTARY
Strange haste
The members of the new government must have a lot of confidence in themselves. Several days before announcing his program, Prime Minister Alexis Tsipras and his cabinet have opened up a mult...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. No lending to Greek banks if no deal by end of February: ECBs Liikanen
2. Greece seeks EU allies but Germany holds firm
3. Greek markets plunge as SYRIZA digs in on challenge to austerity
4. Greek bank debt plummets as investors head for the exit
5. Merkel rejects debt writedown for Greece
6. US to work closely with Greece and EU to resolve differences, says White House
more news
Today
This Week
1. US to work closely with Greece and EU to resolve differences, says White House
2. Greek bank debt plummets as investors head for the exit
3. Merkel rejects debt writedown for Greece
4. Greek markets plunge as SYRIZA digs in on challenge to austerity
5. Greece seeks EU allies but Germany holds firm
6. No lending to Greek banks if no deal by end of February: ECB's Liikanen
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. Greek Elections 2015 | LIVE
4. SYRIZA's win will test institutions
5. Greek Elections 2015: The day after | LIVE
6. EU must accept that Greek debt relief is inevitable
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.