On December 1, Russian President Vladimir Putin announced that Moscow was unwilling to continue the implementation of the South Stream project due to the “non-constructive” stance of the European Commission. Later that day Gazprom’s CEO Alexei Miller confirmed that Russia would scrap the project and had no plans to revive it.
Russia is wiling to develop energy cooperation with Europe despite attempts by EU bureaucracy to halt important joint projects such as South Stream, Prime Minister Dmitry Medvedev said.
The majority of people in the countries that were to host the South Stream gas pipeline believe that it should not have been up to the European Commission to decide whether to give the green light to the project that was to bring Russian natural gas to Europe, the poll showed.
Europe is currently interested in the new Russian-Turkish Stream gas pipeline project that would raise energy security by bypassing gas transit countries.
European Commission vice president in charge of the Energy Union expects the first meeting of the states affected by the cancellation of Russia's South Stream pipeline will be held in Sofia.
Turkish Ambassador to Russia noted that energy cooperation with Russia was strategically important for Turkey, stressing that the sides are discussing potential routes for a new Black Sea gas pipeline.
Serbia is concerned that the only route for Russian gas deliveries passes through Ukrainian territory, the Serbian foreign minister said after talks with his Russian counterpart Sergei Lavrov.
The Russian and Bulgarian energy officials are choosing a day for a meeting to discuss the aftermath of scrapping the South Stream gas pipeline.
After forcing Russia to scrap the South Stream project and despite the Ukrainian crisis, the European Union now hopes that the gas delivery from Russia to Europe via Ukraine will remain stable.
The construction of Turkey's first ever nuclear power plant - in partnership with Russia - goes as scheduled. As for gas, Moscow and Ankara are currently examining two possible routes for a new Black Sea pipeline.
The new Slovak pipeline is expected to begin near the Slovakia-Ukraine border and stretch to the border of Bulgaria and Turkey. Reportedly, the project's purpose is to supply the Balkans with gas from sources different from Russia.
According to the Turkish energy minister, Gazprom expects to spend almost $20 billion on laying the gas pipeline at the bottom of the Black Sea.
The representatives of Austria, Bulgaria, Croatia, Greece, Italy, Romania and Slovenia invited Vice-President for Energy Union Sefcovic to clarify the situation over the South Stream project cancellation.
Vice President of the European Commissioner for Energy Union Sefcovic said in a statement that the EU should find alternatives to the South Stream gas pipeline project and complete crucial projects as soon as possible.
Russian President Putin and Austrian Chancellor Faymann have exchanged opinions on cooperation in the energy sphere, including with regard to the cancellation of the South Stream gas pipeline project.
Russian President Vladimir Putin has discussed questions of bilateral cooperation and prospects of further energy cooperation in the light of the South Stream project termination with Hungarian Prime Minister Viktor Orban and Serbian President Tomislav Nikolic in a telephone conversation, according to the Kremlin press service statement.
As Russia reiterates its decision to abandon the South Stream gas pipeline project, calling it final, and confirms its intention to divert the gas flow to Turkey, a former diplomat warns that Ankara will be not an easy partner.
Saipem, a subsidiary of Italian energy company Eni has announced that it had been officially notified of contract termination from South Stream Transport BV.
The cancellation of the South Stream project is bad news for Serbia, said Aleksandar Vucic, the country’s prime minister, adding that Serbia did not back down from the project even under firm pressure.
Bulgaria has lost a lot because of the South Stream gas pipeline project cancellation, Prime Minister Boiko Borisov said Thursday.
The decision to cancel the South Stream gas pipeline construction is final, Russian energy minister said Thursday.