Significance
The South Stream project is aimed at strengthening the European energy security. It is another real step toward executing the Gazprom strategy to diversify the Russian natural gas supply routes. The new gas pipeline system meeting the latest environmental and technological requirements will significantly raise the energy supply security of the entire European continent.
Route
The project provides for South Stream’s offshore section to run under the Black Sea from the Russian coast (Beregovaya compressor station) to the Bulgarian coast. The total length of the offshore section will be around 900 km, maximum depth – over two km and full capacity – 30 bcm. The submerged section is planned for commissioning in 2013. Two possible routes are under review for South Stream’s onshore section from Bulgaria– one, northwestwards and the other, southwestwards.
Environmental Compliance
When executing the project Gazprom and ENI will apply state-of-the-art technologies and comply with the strictest environmental requirements.
Project History
On June 23, 2007, Gazprom and ENI signed a Memorandum of Understanding to execute the South Stream project
On September 6, 2007, Gazprom set up a Coordinating Committee for the South Stream project
On November 22, 2007, Gazprom and ENI signed a Supplement to the MoU for the South Stream project.
On January 18, 2008, the South Stream AG Special Purpose Entity was registered. The venture was established by Gazprom and ENI on a parity basis.
Σάββατο 3 Μαΐου 2008
Will South Stream push EU off course?
Greece became the latest country to deal a blow to Nabucco, the gas pipeline favoured by the EU and the US, after it signed up to Russia's South Stream project, European Voice announced.
One by one, Russia is picking off the countries, which lie between the Black Sea and its main energy markets in Western Europe.
In January, it signed transit deals with Bulgaria and Serbia for sections of the planned South Stream pipeline, which is to bring Siberian naturan gas to Western markets. In February, Hungary signed up to the scheme. In mid-April, the chairman of Gazprom, Russia's state-owned energy giant visited Ljubljana to discuss Slovenia's possible participation. And yesterday (29 April), Kostas Karamanlis, the prime minister of Greece, was to finalise an agreement on his country's participation in South Stream with Russian Presiden Vladimir Putin in Moscow. It was Karamanlis's second trip to the Russian capital in less than five months and both visits revolved around energy co-operation.
If Nabucco aims to reduce the EU's increasing dependence on Russian energy, South Stream - together with its Baltic counterpart, Nord Stream - aims to diversify Russia's energy export routes, by cutting out potentially troublesome transit countries such as Turkey and Ukraine.
FOCUS Information Agency
One by one, Russia is picking off the countries, which lie between the Black Sea and its main energy markets in Western Europe.
In January, it signed transit deals with Bulgaria and Serbia for sections of the planned South Stream pipeline, which is to bring Siberian naturan gas to Western markets. In February, Hungary signed up to the scheme. In mid-April, the chairman of Gazprom, Russia's state-owned energy giant visited Ljubljana to discuss Slovenia's possible participation. And yesterday (29 April), Kostas Karamanlis, the prime minister of Greece, was to finalise an agreement on his country's participation in South Stream with Russian Presiden Vladimir Putin in Moscow. It was Karamanlis's second trip to the Russian capital in less than five months and both visits revolved around energy co-operation.
If Nabucco aims to reduce the EU's increasing dependence on Russian energy, South Stream - together with its Baltic counterpart, Nord Stream - aims to diversify Russia's energy export routes, by cutting out potentially troublesome transit countries such as Turkey and Ukraine.
FOCUS Information Agency
Εγγραφή σε:
Σχόλια (Atom)
