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    South Stream pipeline

    S Stream Cancellation Highlights Need to Find Other Gas Supply Routes – EC

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    Moscow’s decision to cancel South Stream gas pipeline project paved the way for search of alternative gas routes to southeastern Europe, European Commission Vice President Maros Sefcovic said Tuesday.

    MOSCOW (Sputnik) – Sefcovic said in the interview with Russian Kommersant newspaper that Moscow did not discuss the decision to cancel the South Stream with its EU partners, and announced the move at the press conference. After this, Sefcovic said, it became clear that Europe needed to find a suitable alternative for gas deliveries to southeastern Europe.

    Sefcovic also said that the European Commission established a special high-level group which develops gas transportation systems in central and southeastern Europe. First results of the group's work will be presented in June 2015, Sefcovic said.

    In late 2014, Russia announced decision to cancel South Stream project. Russian energy giant Gazprom said the move was due to the European Commission’s claims that construction of the pipeline would violate EU anti-monopoly laws.

    The South Stream will be replaced with the Turkish Stream pipeline, which would deliver gas to a hub on the Turkish-Greek border for further distribution to consumers in southern Europe.

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    Tags:
    South Stream gas pipeline, Gazprom, Maros Sefcovic, Russia
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