Economy 18:40 25/06/2014

EU Energy Commissioner urges to halt South Stream project

The South Stream gas pipeline project to deliver Russian gas to Europe bypassing Ukraine should be put on hold until it is fully in line with EU norms, EU Energy Commissioner Guenther Oettinger said Wednesday, according to RIA Novosti. 

"South Stream project should be suspended until full compliance with EU legislation," he said during a roundtable on EU energy policy.

On Tuesday, Russian President Vladimir Putin called on European businesses not to politicize the South Stream pipeline construction, as it is an "all-European project" beneficial both for Russian and its European partners. The statement came shortly after Russia’s Gazprom and the Austrian oil and gas company signed a shareholder pact of the joint venture South Stream Austria, defining the principles of construction and further exploitation of the respective gas pipeline.

The South Stream pipeline is to carry Russian natural gas to export destinations in southern Europe across the Black Sea, bypassing Ukraine. The construction started in 2012 as a move to diversify export routes for the Russian gas. The total capacity of the pipeline is estimated at up to 63 billion cubic meters. The pipeline is expected to become fully operational in 2018.

The project stalled after the European Commission expressed its fears that Russia’s bilateral agreements with the European transit countries, namely Austria, Bulgaria, Hungary and Slovenia, violate the so-called Third Energy Package, which stipulates that the companies involved in gas production cannot be the owners of long distance pipelines in the region.

 



Source Panorama.am
Share |
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:

Newsfeed

17:24
Airborne dust in Yerevan exceeds hygiene standards, expert warns
The dust levels in Yerevan’s air exceed hygiene standards, according to Aram Gabrielyan, an expert at the Khazer NGO and a specialist in...
16:33
Armenian Assembly of America stands united with Armenian community amid Los Angeles fires
The Armenian Assembly of America issued the following statement in the wake of the devastating Los Angeles wildfires: The Armenian...
16:06
Tigran Mansurian's 'Requiem' to be performed at Prague festival
The 8th Eternal Hope Music Festival will be held in Prague, the Czech Republic, from February 2 to March 20. The final part of the...
15:30
Trump, Zuckerberg meet at Mar-a-Lago
Meta CEO Mark Zuckerberg met with Donald Trump at Mar-a-Lago on Friday, a source familiar with their encounter confirmed to Semafor....
15:12
Snow, fog expected in Armenia
Dry weather is expected in Armenia's regions over the weekend and early next week. Yerevan will also remain free of precipitation during...
14:36
EU to analyze Armenia integration bill
The EU will analyze the bill on the process of Armenia’s EU integration and discuss it with Yerevan, the lead spokesperson of the EU for...
14:18
Archbishop addresses Azerbaijan's fresh threats against Armenia
Archbishop Bagrat Galstanyan, the leader of the Holy Struggle movement, has denounced the Armenian leadership’s failure to respond to...
13:45
No Armenian citizens among Los Angeles wildfire victims – Foreign Ministry
No Armenian citizens have been identified among the casualties of the devastating wildfires in Los Angeles, the Armenian Foreign...
13:15
Primary elections underway in Armenia's Parakar
Primary elections commenced in Armenia’s enlarged Parakar community on Saturday to run through Monday. The ruling Civil...
12:36
At least 11 dead in Los Angeles wildfires
California Governor Gavin Newsom called for an investigation Friday into Los Angeles County’s fire hydrant and other water failures as...
12:19
Pashinyan considers appealing to OSCE over Minsk Group dissolution
Armenia is mulling an appeal to the Organization for Security and Cooperation in Europe (OSCE) to dissolve its Minsk Group on...
11:55
Henrikh Mkhitaryan could miss Inter's Serie A clash with Venezia
Inter Milan midfielder Henrikh Mkhitaryan is a doubt for the Nerazzurri’s Serie A clash with Venezia this weekend, SempreInter.com...
11:36
Armenia to host Iranian parliamentary delegation
A delegation of the Iran-Armenia Friendship Group from the Majlis of the Islamic Republic of Iran, led by its head Ara Shahverdyan, will travel...
11:15
Fog engulfs parts of Armenia
The Rescue Service has warned drivers of a road closure in Armenia. In particular, the road connecting the Amberd high mountain...
17:13
EU could extend monitoring mission in Armenia through 2027
The High Representative of the European Union for Foreign Affairs and Security Policy, Kaja Kallas, has proposed a two-year extension of the...
16:45
Putin ready for talks with Trump, Kremlin says
The Kremlin said Friday that President Vladimir Putin was open to talks with Donald Trump, after the incoming US president said a meeting...
16:34
Armenian FM, EU envoy discuss security situation in South Caucasus
Armenian Foreign Minister Ararat Mirzoyan on Friday had a meeting with the EU Special Representative for the South Caucasus and the crisis in...
16:05
Yeghishe Charents' book sent into space on museum anniversary
The 60th anniversary of the founding and the 50th anniversary of the opening of the Yeghishe Charents House-Museum in Yerevan have been...
15:36
Pashinyan 'unaware' of developments in Armenia, ex-advisor says
Prime Minister Nikol Pashinyan on Thursday claimed that the number of air passengers arriving in Armenia increased by 20% between January 1...
15:02
ECHR told Baku to provide information on Armenian prisoners by late January
The European Court of Human Rights (ECHR) has ordered Azerbaijan to provide information on Armenian prisoners held illegally in Baku by the end...
14:35
Temperatures set to rise in Armenia
Dry weather is expected in Armenia's regions on Friday and over the next few days. Yerevan will also remain free of precipitation...
14:03
Politician: Impossible to achieve peace through 'political begging'
Opposition politician Eduard Sharmazanov claims former Armenian leaders managed to secure favorable terms in negotiations with Azerbaijan over...
13:16
Pashinyan's leadership: a catalyst for Armenia's decline
Op-ed by Vartan Oskanian, former Armenian foreign minister As 2025 unfolds, Armenia finds itself at a critical crossroads,...
13:05
WTA Hobart: Avanesyan loses semifinal to Kessler
American McCartney Kessler moved into the final of the WTA Hobart International by edging out Armenian Elina Avanesyan, the No 6 seed, 4-6, 6-3,...
12:30
Armenian State Symphony Orchestra to perform at Dubai Opera
The Armenian State Symphony Orchestra will present the Symphonic Rock concert series in Dubai, United Arab Emirates, from January 17 to 19,...
12:14
Armenian archbishop voices support for Artsakh leaders facing sham trials in Baku
Archbishop Bagrat Galstanyan has expressed support for Artsakh’s military and political leaders, as well as other Armenian prisoners...
11:35
Death toll in Los Angeles wildfires rises to 10
At least 10 people are believed to be dead as wildfires continue to scorch many cities in the Los Angeles County area, Euronews reported....
11:24
Fog blankets parts of Armenia
The Rescue Service has warned drivers of a road closure in Armenia. In particular, the road connecting the Amberd high mountain...
11:11
Armenia offers condolences amid devastating wildfires in California
The Armenian Foreign Ministry has extended condolences to those affected by the devastating wildfires in California. "Saddened by...
17:19
Pashinyan could recall CSTO after Aliyev's remarks, top Russian official says
Deputy Chairman of the Russian Security Council Dmitry Medvedev claims that Armenian Prime Minister Nikol Pashinyan could recall the...

Follow us and get updates!

Most popular articles

{"core.blocks.header.spell_message1":"Selected mistake: ","core.blocks.header.spell_message2":"Send a message about the mistake?"}