13504
EU Concerned Over Russia's Turkish Pipeline Plan
Energy

EU Concerned Over Russia's Turkish Pipeline Plan

Any decision to build a pipeline to transport Russian gas through Turkey should be made in consultation with the European Union and should not breach pre-existing legal commitments, the European Commission's energy chief said.
Russia in December abandoned its $40 billion South Stream project after objections from the EU over potential excessive Russian control of European gas supplies through a pipeline that would have passed under the Black Sea to Bulgaria and carried up to an annual 63 billion cubic meters (bcm) of gas to Europe.
Instead, Russian gas exporter Gazprom announced in January its intention to build an undersea gas pipeline with the same capacity to an as yet unbuilt hub on the Turkish-Greek border by the end of 2016, Reuters wrote.
During a visit to Turkey, Maros Sefcovic, the European Commission's Vice President in charge of Energy Union, said that no details on the Russian proposal had been received and that any plans should be economically viable and compatible with Gazprom's obligations to its long-term European customers.
"When we speak about some big supplies for European customers, you cannot adopt such a decision without talking to them, without talking to the EU and without talking to the European Commission," Sefcovic said at a press briefing in Ankara on Monday evening.

Short URL : http://goo.gl/1j3PWV

You can also read ...

The OGCI initiative is now made up of BP, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Pemex, Petrobras, Repsol, Saudi Aramco, Shell and Total.
ExxonMobil, Chevron and Occidental Petroleum are joining the...
New Delhi Will Pay for Iranian Oil in Rupees
India may revert to paying Iran in rupees for the oil it buys...
Zanganeh to Veto OPEC Decisions Against Iran
Oil Minister Bijan Namdar Zanganeh on Thursday said he would...
US Wants Lower Oil Prices  for Protecting Arab States
US President Donald Trump on Thursday demanded OPEC lower...
Iraq Crude Exports From South Nearing Record High
Crude oil exports from southern Iraq are close to a record...
MAPNA to  Build Petrochem,  Power Plant in Parsian SEZ
Iran's top engineering and energy enterprise MAPNA Group is...
US Oil Sanctions to Harm Int'l Economy
Imposing sanctions against oil producing states like Iran will...

Trending

Googleplus