Pravda: South Stream adding gas to the fire

The situation around the “South Stream” is getting increasingly tenser. While the EU is looking for leverage over Moscow in light of the developments in Ukraine and Crimea, Gazprom is confidently implementing its “South Stream” project, including land areas of individual EU countries. Of course, such self-confidence of the gas giant is adding fuel to the fire.

The European Union has issued numerous warnings about a potential termination of cooperation with Russia on “South Stream” gas pipeline. These statements are, of course, not particularly realistic because the European Union is too dependent on Russian gas, but we should not forget that Gazprom has quite notable competitors in North Africa, Iran and Azerbaijan. The volume of supply from these countries cannot be compared with the Russian gas giant, however, winter is coming to an end. This was mentioned by the European Commissioner for Energy Gunther Oettinger who stated the possibility of postponing the talks on the gas pipeline (it is tempting to add here “until the next cold season”).

However, the Europeans have long been thinking about getting gas of non-Russian origin. They are considering three projects, Trans Adriatic Pipeline (TAP), Interconnector on the path Turkey-Greece-Italy (ITGI), and Nabucco. The latter project scheduled to transport gas from Turkmenistan and Azerbaijan was frozen on June 28, 2013, after which the Trans-Adriatic Pipeline became the priority. ITGI was also doomed to failure because Shah Deniz consortium rejected the possibility of Azerbaijani gas supply to this artery.

Earlier, the decision not to interrupt the preparatory work for the construction of the gas pipeline “South Stream” on its territory, according to Reuters, was announced by the Bulgarian Prime Minister Plamen Oresharski.

“There are two levels of government in Europe. There is a national level, and there is the EU level, the European Commission, the European Parliament,” said director of the National Energy Institute Sergey Pravosudov. “Now the problem is that individual governments are engaged in interstate relations, including in the energy sector. The European Commission is working to actively ensure that these powers are transferred to it so it serves as a single representative of the entire Europe. They think that it will improve their situation. It will enable a competition between countries, they will play the countries against each other and seek more advantageous conditions.


SOURCE: Pravda. ru, 2014


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