Saturday, June 10, 2017

Europe 'Breaking Free From US' to Pave the Way for South Stream Pipeline

Discussions recently revived on the possibility to bring back to life the once abandoned South Stream gas pipeline project.

Last week, Hungarian Foreign Minister Peter Szijjarto said that Russia, Hungary and Serbia have resumed talks on the pipeline.

"Hungary, Russia and Serbia have resumed talks on the construction of the South Stream gas pipeline, but with a smaller capacity than it was initially discussed," the minister told Hungarian news agency MTI.

Szijjarto noted that in the near future Budapest will hold consultations with the European Commission and Bulgaria over the project.

Moreover, earlier this week, Gazprom Deputy Chairman Alexander Medvedev said that Gazprom and Bulgaria are discussing the development of the Bulgarian gas transportation system.

"There are different options to divide the second leg of Turkish Stream, including to the north, not only to the south, in Italy. We’re discussing with our Bulgarian colleagues the developments of Bulgaria’s gas transportation system," Medvedev told a press conference.....

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