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Gazprom has announced that it is on track with the South Stream project on the Bulgarian section of the pipeline. The announcement comes following a meeting at Gazprom's headquarters yesterday between CEO of Gazprom Alexey Miller and Bulgarian Minister for Energy Delyan Dobrev. A statement from...
A construction of South Stream is economically disadvantageous as for Ukraine as well as Russia. The Prime Minister of Ukraine Mykola Azarov disclosed this during a conference "Ukraine and the EU - what kind of future is?" which took place at the European Parliament in Brussels. He said to build South...
Work on Serbian section of the South Stream gas pipeline is planned to start in November or December of this year. Serbian officials hope it will be significant contributer towards the resuscitation of the failing Serbian economy. Dusan Bajatovic, general manager of Serbian state-owned gas company...
It’s not exactly a drug addiction, but for Ukraine curing itself of its energy dependence on a big neighbor won’t be an easy task. But it looks like that’s what will eventually happen. In a talk entitled The Financial and Strategic Implications of the Shale Trail for CEE Countries...
The South Stream natural gas pipeline project through the Black Sea is a Russian-EU partnership. “Often our project is perceived as a purely Russian enterprise. In fact, it’s based on parity,” Sebastian Sass, Head of Communications & Spokesperson, South Stream Transport AG said.
Gazprom CEO Alexey Miller has met with President and Chief Executive Officer of Itochu Eizo Kobayashi to discuss possible cooperation on the South Stream pipeline. Gazprom is the major shareholder in the South Stream project with a 50 per cent stake. Italy's Eni holds a 20 per cent stake...
CEO of Eni Paolo Scaroni has said that the partners in the South Stream pipeline have decided to begin work on the Austrian section of the pipeline before it begins work on the Italian section. Speaking to reporters today, Mr. Scaroni said a decision had been made to begin work on the northern Austrian...
On March 30 on his maiden visit to Moscow, Bulgarian Economy and Energy Minister Delyan Dobrev struck a poor deal with Russia. Under imperative instructions from his prime minister, Boyko Borissov, Dobrev tentatively promised a final investment decision by November 15, 2012 regarding the Bulgarian section...
Gazprom is seeking to take advantage of Turkey’s precarious energy situation and Greece’s financial woes to strengthen its influence in southeastern Europe. Although fears will undoubtedly surface over Moscow’s role in the region, for both Ankara and Athens the financial power of the...
On March 22 and 25, Romania’s Foreign Affairs Minister, Cristian Diaconescu, announced on television that a “legal dispute” (“litigium”) exists between Romania and Bulgaria over the delimitation of their maritime border, continental shelf, and exclusive economic zones in...